Penelitian ini bertujuan untuk mengetahui adanya pengaruh dari variabel independen (financial literacy, informasi akuntansi, illusion of control, risk tolerance, risk perception, overconfidence, dan herding) terhadap variabel dependen (keputusan investasi) pada mahasiswa perguruan tinggi yang memiliki galeri investasi di Surabaya dan Malang. Penelitian ini merupakan penelitian kausalitas dengan sampling kuota. Data penelitian ini adalah kuantitatif dengan pengumpulan data secara kuesioner. Teknik analisis data yang digunakan adalah regresi linier berganda.

Hasil penelitian ini berdasarkan uji statistik t menunjukan bahwa informasi akuntansi dan risk tolerance berpengaruh negatif terhadap keputusan investasi. Variabel risk perception berpengaruh positif terhadap keputusan investasi. Sedangkan variabel financial literacy, illusion of control, overconfidence, dan herding tidak berpengarh terhadap keputusan investasi. Berdasarkan uji statistik f, semua variabel independen berpengaruh secara bersamaan terhadap variabel dependen (keputusan investasi).

Kata kunci : Financial literacy, informasi akuntansi, illusion of control, risk tolerance, risk perception, overconfidence, herding dan keputusan investasi.

This study aims to determine the influence of the independent variables (financial literacy, accounting information, illusion of control, risk tolerance, risk perception, overconfidence, and herding) on the dependent variable (investment decision) in college students who have investment galleries in Surabaya and Malang. This study is a causality study with quota sampling. The data of this study is quantitative by collecting data by questionnaire. The data analysis technique used is multiple linear regression.

The results of this study based on t statistical tests show that accounting information and risk tolerance have a negative effect on investment decisions.variables Risk perception have a positive effect on investment decisions. While thevariables financial literacy, illusion of control, overconfidence, and herding did not affect investment decisions. Based on the statistical test f, all independent variables simultaneously influence the dependent variable (investment decision).

Keywords: Financial literacy, accounting information, illusion of control, risk tolerance, risk perception, overconfidence, herding and investment decisions.