Behavioral Finance Explanation of Retail Investors’ Approach to Portfolio Design

V. V. Kolmakov; A. G. Polyakova; S. V. Polyakov

Finance: Theory and Practice
Finansy: teoriâ i praktika

ISSN 2587-5671 (Print)
ISSN 2587-7089 (Online)

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Kolmakov V.V., Polyakova A.G., Polyakov S.V. Behavioral Finance Explanation of Retail Investors’ Approach to Portfolio Design. Finance: Theory and Practice. 2025;29(1):133-145. https://doi.org/10.26794/2587-5671-2025-29-1-133-145

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This work is licensed under a Creative Commons Attribution 4.0 License.

ISSN 2587-5671 (Print)
ISSN 2587-7089 (Online)

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About the Authors

V. V. Kolmakov
Plekhanov Russian University of Economics
Russian Federation

Vladimir V. Kolmakov — Dr. Sci. (Econ.), Deputy director of Higher School of Finance

Moscow

A. G. Polyakova
Moscow City Pedagogical University
Russian Federation

Aleksandra G. Polyakova — Dr. Sci. (Econ.), Deputy director of Institute of Economics, Management and Law

Moscow

S. V. Polyakov
Plekhanov Russian University of Economics; Leonov Moscow Region University of Technology
Russian Federation

Sergei V. Polyakov — postgraduate, assistant, Plekhanov Russian University of Economics; assistant, Leonov Moscow Region University of Technology (UNITECH)

Moscow; Korolev

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