Abstract

Emotions play an important role in investment decisions, as well as in the perception of investment risk; they can be traced back to situations of volatility or market crisis, particular contexts to which people react with emotions such as, for example, fear, confusion and impatience. The reactions of investors can be different from each other, in fact, some prefer to ignore the future so as not to be upset by it; others decide to follow market trends or rely on the advice of friends and relatives, still others focus on very short-term goals, losing sight of those previously set.