Research Article
Behavior and Artificial Intelligence: Ethical Impact Investment Decision on Capital Market
@INPROCEEDINGS{10.4108/eai.4-9-2024.2353906, author={Atika Lusi Tania and Einde Evana and Trijoko Prasetyo and Era Yudistira and Lella Anita}, title={Behavior and Artificial Intelligence: Ethical Impact Investment Decision on Capital Market}, proceedings={Proceedings of the 7th International Conference of Economics, Business, and Entrepreneurship, ICEBE 2024, 4-5 September 2024, Shah Alam, Selangor, Malaysia}, publisher={EAI}, proceedings_a={ICEBE}, year={2024}, month={12}, keywords={capital market psychology factor dimensions of ai usage ethical effect}, doi={10.4108/eai.4-9-2024.2353906} }- Atika Lusi Tania
Einde Evana
Trijoko Prasetyo
Era Yudistira
Lella Anita
Year: 2024
Behavior and Artificial Intelligence: Ethical Impact Investment Decision on Capital Market
ICEBE
EAI
DOI: 10.4108/eai.4-9-2024.2353906
Abstract
This research aims to analyze the literature review and bibliography on the influence of behavioral finance and artificial intelligence on investment decisions, and the ethical impact of artificial intelligence on investors and capital markets. Behavioral finance is a widely discussed topic in addition to modern finance with a mathematical approach, the use of artificial intelligence is advancement for the world of stock investment. Investment decisions are not only influenced by behavior but also artificial intelligence. The research method uses bibliographic analysis using Publish or Perish, Vosviewer, and Elicit software. The results show that investment decisions are influenced by several things including the existence of investment advisors and information from companies which are external factor stimulation, while internal factor stimulation, namely investor sentiment, past behavior, cognitive bias, psychological factors, and personal factors affect stock investment decision making in the capital market. In this paper, we look at artificial intelligence from the perspective of firstly the corporate or institutional user dimension, secondly the individual user dimension and thirdly the regulator dimension. We will look at the ethical impact of using AI in two dimensions, firstly the corporate or institutional user dimension and secondly the individual user dimension.
