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To have enough financial literacy, an investor must be able to make intelligent investment choices, and on the other hand, the heuristic bias, the framing effect, cognitive illusions, and herd mentality are all variables that contribute to the formation of behavioral biases, also known as illogical conduct, in the decision-making process. The current research looks specifically at behavioral biases and financial literacy influence investment choices, particularly on stock market investment. For the research, a representative sample of 450 individual investors was evaluated. A structured questionnaire was designed using the Likert's scale method to elicit the research variables, and the data acquired were analyzed using the SEM method. According to the findings, there was a statistically significant link between heuristic bias and the development of behavioral bias in decision-making. Nevertheless, cognitive illusions, the herd mentality, and the framing effect all have a deleterious impact on behavioral biases. In addition, investors often adhere to heuristic biases rather than other irrational strategies when making investment judgments. Therefore, individual investors' financial literacy level greatly influences the choices made about investments in the stock market. [ABSTRACT FROM AUTHOR]

Stock price prediction is considered a classic and challenging task, with the potential to aid traders in making more profitable trading decisions. Significant improvements in stock price prediction methods based on deep learning have been observed in recent years. However, most existing methods are reliant solely on historical stock price data for predictions, resulting in the inability to capture market dynamics beyond price indicators, thus limiting their performance to some extent. Therefore, combining social media text with historical stock price information has proposed a novel stock price prediction method, known as the Deep Cross-Modal Information Fusion Network (DCIFNet). The process is initiated by DCIFNet, which employs temporal convolution processes to encode stock prices and Twitter content. This ensures that each element has sufficient information about its surrounding components. Following this, the outcomes are inputted into a cross-modal fusion structure based on transformers to enhance the integration of crucial information from stock prices and Twitter content. Lastly, a multi-graph convolution attention network is introduced to depict the relationships between different stocks from diverse perspectives. This facilitates the more effective capturing of industry affiliations, Wikipedia references, and associated relationships among linked stocks, ultimately leading to an enhancement in stock price prediction accuracy. Trend prediction and simulated trading experiments are conducted on high-frequency trading datasets spanning nine different industries. Comparative assessments with the Multi-Attention Network for Stock Prediction (MANGSF) method, as well as ablation experiments, confirm the effectiveness of the DCIFNet approach, resulting in an accuracy rate of 0.6309, a marked improvement compared to representative methods in the field. [ABSTRACT FROM AUTHOR]

To have enough financial literacy, an investor must be able to make intelligent investment choices, and on the other hand, the heuristic bias, the framing effect, cognitive illusions, and herd mentality are all variables that contribute to the formation of behavioral biases, also known as illogical conduct, in the decision-making process. The current research looks specifically at behavioral biases and financial literacy influence investment choices, particularly on stock market investment. For the research, a representative sample of 450 individual investors was evaluated. A structured questionnaire was designed using the Likert’s scale method to elicit the research variables, and the data acquired were analyzed using the SEM method. According to the findings, there was a statistically significant link between heuristic bias and the development of behavioral bias in decision-making. Nevertheless, cognitive illusions, the herd mentality, and the framing effect all have a deleterious impact on behavioral biases. In addition, investors often adhere to heuristic biases rather than other irrational strategies when making investment judgments. Therefore, individual investors’ financial literacy level greatly influences the choices made about investments in the stock market. [ABSTRACT FROM AUTHOR]