How does company use of financial technology impact your behavioral biases, such as overconfidence or herd behavior? and How has company comfort with financial technology influenced your willingness to take investment risks?
Fintech technology can have an impact on behavioral biases, such as
Increases self-confidence because easy access to information and personal
recommendations makes people feel more confident in their investment decisions.
Apart from that, fintech technology is able to encourage group behavior because the
social media features on fintech platforms make people tend to follow investment
trends. at the same time being able to influence risk tolerance because positive
experiences with fintech can increase risk tolerance, but it can also do the opposite if
users feel uncomfortable.
