Is any validated questionnaire available to measure "House money effect" bias in the financial market (Likert scale)?
You can find the same on shodhganga. And select the relevant questions and variables according to your study objectives.
According to Rensis Likert (Likert Scale) just agree and dissagre, i think you can add to five scale, 1.High Agree, 2. Agree, 3. normal, 4. Dissagre, 5 High dissagre.
1. Search academic databases like Google Scholar, JSTOR, or PubMed for relevant studies or articles.
2. Look for research papers that include the development or use of such questionnaires.
3. Review the appendices or supplementary materials of these papers, as they often contain the questionnaires.
4. Contact authors directly if the questionnaire is not included in the publication.
To find a validated questionnaire to measure the "house money effect" in financial markets using a Likert scale, here are the steps I would suggest:
1. **Literature Review**: Start by conducting a thorough literature review on the "house money effect" in the context of financial markets. Look for academic articles, research papers, and previous studies that have investigated this phenomenon. Pay attention to the methodologies used, including any questionnaires or survey instruments that were developed and validated.
2. **Search Databases**: Search through academic databases such as Google Scholar, Web of Science, or Scopus using keywords like "house money effect", "financial markets", "Likert scale", "questionnaire", and "survey". This will help you identify existing validated instruments that have been used to measure the house money effect.
3. **Evaluate Questionnaires**: Once you have identified potential questionnaires, carefully evaluate their validity and reliability. Look for information on the sample size, target population, statistical analysis, and the overall psychometric properties of the instrument. Assess whether the questionnaire items and Likert scale are appropriate for your research objectives.
4. **Consult Experts**: Consider reaching out to researchers who have published work on the house money effect or financial decision-making. They may be able to provide guidance on validated questionnaires or suggest ways to adapt existing instruments to your specific needs.
5. **Pilot Testing**: If you don't find a suitable pre-existing questionnaire, you may need to develop your own. In this case, be sure to pilot test the instrument with a small sample to assess its clarity, reliability, and validity before using it in your main study.
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