PRINCIPAL COMPONENT ANALYSIS OF PERSONAL ATTITUDES TOWARDS FINANCIAL DECISION MAKING: COGNITIVE DIVERSITY, COGNITIVE BIAS AND QUANTUM PHYSICS

Abstract

This study aims to analyze the relationship between personal attitudes towards financial decision making and three important dimensions: cognitive diversity, cognitive bias and quantum physics. To do this, a statistical technique of principal component analysis was used to examine data collected from a sample of individuals of different ages, genders, and levels of education. The results show that there is a significant relationship between personal attitudes towards financial decision-making and cognitive diversity, indicating that people with higher cognitive ability and a variety of perspectives tend to make more informed and accurate financial decisions. . Cognitive bias was also found to play an important role in financial decision making, suggesting that people with certain biases and assumptions may be biased in their financial decisions. Finally, quantum physics did not show a significant relationship with personal attitudes towards financial decision making.