Analysis of Engineers’ Investment Decisions with a Behavioral Finance Approach 297 Analysis of Engineers’ Investment Decisions with a Behavioral Finance Approach Adem ÖZBEK 1 ; Yener TOP 2 1 Vocational School of Social Sciences, Gümüşhane University, Gümüşhane, Turkey 2 Gumushane Vocational School, Gumushane University, Gumushane, Turkey E-mail: ademozbek@gumushane.edu.tr, yenertop@gumushane.edu.tr http://dx.doi.org/10.47814/ijssrr.v6i1.748 Abstract The classical theory of financial behavior assumes that investors would always act rationally. Nonetheless, investors do not always act rationally. This situation has been leading to the emergence of behavioral finance. As a result of the education they received, engineers who have been thought to exhibit rational behaviors instead of prejudices in their investments were chosen as the target group in this study. The sample size capable of representing the main population was determined and a structured questionnaire was applied to the addresses determined by the internet. In this context, 113 engineers from 7 different disciplines participated in the study. By performing explanatory factor analysis in the evaluation of the data, the effective components in the behavioral finance decisions of the engineers were determined. It was also investigated whether or not demographic and some other characteristics had an impact on behavioral finance decisions. Accordingly; gender, marital status, and investment review time were not found effective on behavioral finance decisions. In general, it was concluded that engineers also acted in accordance with behavioral finance theory in their investments. Keywords: Behavioral Finance; Factor Analysis; Engineer 1. Introduction Behavioral finance (BF) concentrates on the impacts of these factors on investment decisions by considering the impacts of psychological factors on the financial behavior of investors. The financial decision process has a complex structure that combines various variables. Cognitive biases, emotions, and cognitive intelligence are crucial factors that determine the economic decisions of individuals. Emotional aspects and cognitive biases have always contributed to decision-making, which is considered irrational behavior (Antony, 2020). From this point of view, BF examines the relationship between financial sciences and behavioral sciences. International Journal of Social Science Research and Review http://ijssrr.com editor@ijssrr.com Volume 6, Issue 1 January, 2023 Pages: 7 9 2 - 1 1 3