Although investing and finances are known to
be subjects where humans are supposed to exercise the
highest rationality in making informed decisions, it must
not be forgotten that human beings are incomplete
without their emotions and that these affective processes
of the human mind dictate and influence their cognitions
and conations as well. Thus, leading to the influence of
emotions in decision-making wherein rationality starts
losing its grip as soon as the emotions overwhelm. With
these theoretical underpinnings, the current study aimed
to understand the public perception about investing in
the market and the financial literacy of the common
people of India. With online survey questionnaires that
collected 127 responses, we report the different
perspectives of investments and investing dynamics of
five different age groups: 0-18 years, 18-30 years, 30-45
years, 45-60 years, and more than 60 years. We also
found out that Indian investment professionals in the
sector sometimes do let their behavioural instincts and
emotions take over their investment decisions. We
conclude by saying that irrationality in the market is
essential for its survival.
Keywords : Finance, Behavior, Behavioral Finance, Mining, Mineral Sector