{"id":"https://openalex.org/W7225832303","doi":"https://doi.org/10.61132/jepi.v4i4.2835","title":"Social Influence as a Moderator of Cognitive Biases and Market Sentiment in Digital Gold Investment: Tring! Users in Denpasar","display_name":"Social Influence as a Moderator of Cognitive Biases and Market Sentiment in Digital Gold Investment: Tring! Users in Denpasar","publication_year":2026,"publication_date":"2026-11-11","ids":{"openalex":"https://openalex.org/W7225832303","doi":"https://doi.org/10.61132/jepi.v4i4.2835"},"language":"en","primary_location":{"id":"doi:10.61132/jepi.v4i4.2835","doi":"https://doi.org/10.61132/jepi.v4i4.2835","is_oa":true,"landing_page_url":"https://doi.org/10.61132/jepi.v4i4.2835","pdf_url":null,"source":{"id":"https://openalex.org/S4394736598","display_name":"Jurnal Ekonomi dan Pembangunan Indonesia","issn_l":"3031-3406","issn":["3031-3406","3031-3414"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Jurnal Ekonomi dan Pembangunan Indonesia","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.61132/jepi.v4i4.2835","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5161430770","display_name":"I Gusti Ayu Wina Aura","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"I Gusti Ayu Wina Aura","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]},{"author_position":"last","author":{"id":"https://openalex.org/A5059880186","display_name":"Gusi Putu Lestara Permana","orcid":"https://orcid.org/0000-0002-2274-8947","observed_orcids":["https://orcid.org/0000-0002-2274-8947"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Gusi Putu Lestara Permana","raw_affiliation_strings":[],"raw_orcid":null,"affiliations":[]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":0,"citation_normalized_percentile":{"value":0.0,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":"4","issue":"4","first_page":"32","last_page":"45"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T13744","display_name":"Financial Literacy and Behavior","score":0.8065999746322632,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T13744","display_name":"Financial Literacy and Behavior","score":0.8065999746322632,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.10260000079870224,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10315","display_name":"Decision-Making and Behavioral Economics","score":0.045899998396635056,"subfield":{"id":"https://openalex.org/subfields/1800","display_name":"General Decision Sciences"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[],"concepts":[{"id":"https://openalex.org/C51110983","wikidata":"https://www.wikidata.org/wiki/Q16503490","display_name":"Overconfidence effect","level":2,"score":0.8518000245094299},{"id":"https://openalex.org/C93225998","wikidata":"https://www.wikidata.org/wiki/Q1941972","display_name":"Moderation","level":2,"score":0.6747000217437744},{"id":"https://openalex.org/C27548731","wikidata":"https://www.wikidata.org/wiki/Q88272","display_name":"Investment (military)","level":3,"score":0.6315000057220459},{"id":"https://openalex.org/C71104824","wikidata":"https://www.wikidata.org/wiki/Q1476639","display_name":"Structural equation modeling","level":2,"score":0.5320000052452087},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.5246999859809875},{"id":"https://openalex.org/C131158328","wikidata":"https://www.wikidata.org/wiki/Q1307337","display_name":"Social influence","level":2,"score":0.45329999923706055},{"id":"https://openalex.org/C173801870","wikidata":"https://www.wikidata.org/wiki/Q201413","display_name":"Heuristic","level":2,"score":0.4359000027179718},{"id":"https://openalex.org/C2778865806","wikidata":"https://www.wikidata.org/wiki/Q6060850","display_name":"Investment decisions","level":3,"score":0.41600000858306885},{"id":"https://openalex.org/C196083921","wikidata":"https://www.wikidata.org/wiki/Q7915758","display_name":"Variance (accounting)","level":2,"score":0.3937999904155731},{"id":"https://openalex.org/C109574028","wikidata":"https://www.wikidata.org/wiki/Q647525","display_name":"Behavioral economics","level":2,"score":0.38659998774528503},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.3847000002861023},{"id":"https://openalex.org/C158154518","wikidata":"https://www.wikidata.org/wiki/Q7310970","display_name":"Relevance (law)","level":2,"score":0.3840000033378601},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.36880001425743103},{"id":"https://openalex.org/C2777375102","wikidata":"https://www.wikidata.org/wiki/Q208351","display_name":"Disgust","level":3,"score":0.3343000113964081},{"id":"https://openalex.org/C207609745","wikidata":"https://www.wikidata.org/wiki/Q4944086","display_name":"Bootstrapping (finance)","level":2,"score":0.3125999867916107},{"id":"https://openalex.org/C100363876","wikidata":"https://www.wikidata.org/wiki/Q690661","display_name":"Nonprobability sampling","level":3,"score":0.31049999594688416},{"id":"https://openalex.org/C189216375","wikidata":"https://www.wikidata.org/wiki/Q1127759","display_name":"Cognitive bias","level":3,"score":0.304500013589859},{"id":"https://openalex.org/C84679943","wikidata":"https://www.wikidata.org/wiki/Q1925442","display_name":"Common-method variance","level":2,"score":0.3043000102043152},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.29109999537467957},{"id":"https://openalex.org/C162853370","wikidata":"https://www.wikidata.org/wiki/Q39809","display_name":"Marketing","level":1,"score":0.28700000047683716},{"id":"https://openalex.org/C198477413","wikidata":"https://www.wikidata.org/wiki/Q7647069","display_name":"Survey data collection","level":2,"score":0.2676999866962433},{"id":"https://openalex.org/C73945780","wikidata":"https://www.wikidata.org/wiki/Q814232","display_name":"Survey methodology","level":2,"score":0.26429998874664307},{"id":"https://openalex.org/C145097563","wikidata":"https://www.wikidata.org/wiki/Q1148747","display_name":"Payment","level":2,"score":0.25839999318122864},{"id":"https://openalex.org/C103144560","wikidata":"https://www.wikidata.org/wiki/Q2670999","display_name":"Investment strategy","level":3,"score":0.2556000053882599}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.61132/jepi.v4i4.2835","doi":"https://doi.org/10.61132/jepi.v4i4.2835","is_oa":true,"landing_page_url":"https://doi.org/10.61132/jepi.v4i4.2835","pdf_url":null,"source":{"id":"https://openalex.org/S4394736598","display_name":"Jurnal Ekonomi dan Pembangunan Indonesia","issn_l":"3031-3406","issn":["3031-3406","3031-3414"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Jurnal Ekonomi dan Pembangunan Indonesia","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.61132/jepi.v4i4.2835","doi":"https://doi.org/10.61132/jepi.v4i4.2835","is_oa":true,"landing_page_url":"https://doi.org/10.61132/jepi.v4i4.2835","pdf_url":null,"source":{"id":"https://openalex.org/S4394736598","display_name":"Jurnal Ekonomi dan Pembangunan Indonesia","issn_l":"3031-3406","issn":["3031-3406","3031-3414"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Jurnal Ekonomi dan Pembangunan Indonesia","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":[],"abstract_inverted_index":{"Digital":[0],"gold":[1,6,39,128],"micro-investment":[2,177],"platforms":[3,16],"have":[4,120],"made":[5],"accessible":[7],"to":[8,72],"retail":[9],"investors,":[10],"yet":[11],"investment":[12,40,129,148,173],"decisions":[13,149],"on":[14,37,126],"these":[15,48],"are":[17],"not":[18],"driven":[19],"by":[20,75],"rational":[21],"fundamentals":[22],"alone.":[23],"This":[24],"study":[25],"examines":[26],"the":[27,145,161,164,169],"effect":[28,125],"of":[29,144,163,172],"heuristic":[30,112],"behavior,":[31,113],"market":[32,114],"sentiment,":[33,115],"and":[34,42,89,116,123,131,150],"overconfidence":[35,117],"bias":[36,118],"digital":[38,127,176],"decisions,":[41,130],"tests":[43],"whether":[44],"social":[45,133,165],"influence":[46,134],"moderates":[47],"relationships":[49],"among":[50],"Tring!":[51,82],"application":[52],"users":[53,83],"in":[54,79,147,167,175],"Denpasar.":[55],"A":[56],"quantitative,":[57],"causal-associative":[58],"design":[59],"was":[60],"applied":[61],"using":[62,98],"a":[63,91,121],"five-point":[64],"Likert-scale":[65],"questionnaire":[66],"distributed":[67],"through":[68],"an":[69],"online":[70],"survey":[71],"respondents":[73],"selected":[74],"purposive":[76],"sampling":[77],"(domiciled":[78],"Denpasar,":[80],"active":[81],"for":[84],"at":[85],"least":[86],"six":[87],"months,":[88],"with":[90,106],"steady":[92],"income).":[93],"The":[94,108,140],"data":[95],"were":[96],"analyzed":[97],"Partial":[99],"Least":[100],"Squares":[101],"Structural":[102],"Equation":[103],"Modeling":[104],"(PLS-SEM)":[105],"SmartPLS.":[107],"results":[109],"show":[110],"that":[111,132],"each":[119],"positive":[122],"significant":[124],"significantly":[135],"strengthens":[136],"all":[137],"three":[138],"relationships.":[139],"model":[141],"explains":[142],"67.3%":[143],"variance":[146],"shows":[151],"strong":[152],"predictive":[153],"relevance":[154],"(Q\u00b2predict":[155],"=":[156],"0.588).":[157],"These":[158],"findings":[159],"highlight":[160],"role":[162],"environment":[166],"amplifying":[168],"psychological":[170],"drivers":[171],"behavior":[174],"ecosystems.":[178]},"counts_by_year":[],"updated_date":"2026-11-12T12:28:57.059296","created_date":"2026-11-12T00:00:00"}
