Evolving Landscape of Behavioral Finance Research: A Decade of Expansion, Fragmentation and the Imperative for Translational Science

Vineetha Vijayan; Precilla C

doi:10.36948/ijfmr.2026.v08i02.74186

Evolving Landscape of Behavioral Finance Research: A Decade of Expansion, Fragmentation and the Imperative for Translational Science

Author(s)	Ms. Vineetha Vijayan, Dr. Precilla C
Country	India
Abstract	Although the study of Behavioural Finance and Investment Decision Making may already appear extensive, the web of science reflects a significant lack of order and cohesion regarding this field and warrants this bibliometric study to guide the scholarly advancement of this discipline. Understanding the intellectual structure and progression of this field, based on the literature from 1971 and projected to 2025, motivated a strategic bibliometric and thematic assessment. Between 1971 and 2025, geographical scholarly contributions and publications indicated a geometric progression after 2015. It signified the consolidation of the field. The bibliometric study points towards the USA as the most prolific contributor, and as foundational from scholars like Barber and Odean. Thematic author keyword analysis recognises centres of interest in subjects such as Behavioural Finance and Decision Making, as well as Psychological and Socioeconomic Dimensions of Financial and Life Well-being. The lack of understanding of the relationship between evidence-based interventions and robust prescriptive gaps mars cognitive bias diagnostic and prescriptive reconciliation. The structure of the discipline does depend on inferential procedures; a lack of cross-border research is a predominant characteristic that undermines the global applicability of the findings. Ultimately, the study enriches the field and widens its application by suggesting future research on the intersection of bias and evidence-based interventions to improve financial behaviour and wellness on a global scale, longitudinal frameworks, and experimental approaches to the cross-border study of financial behaviour.
Keywords	Behavioral Finance, Investment Decision-Making, Bibliometric Analysis, Financial Literacy, Cognitive Biases, Financial Well-being, Research Gaps, VOSviewer.
Field	Sociology > Banking / Finance
Published In	Volume 8, Issue 2, March-April 2026
Published On	2026-04-12
DOI	https://doi.org/10.36948/ijfmr.2026.v08i02.74186

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Evolving Landscape of Behavioral Finance Research: A Decade of Expansion, Fragmentation and the Imperative for Translational Science

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