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This study describes a series of experiments investigating the upper hot layer temperature profile in a confined space under different ventilation conditions for porosity-controlled wood crib fires for pre-flashover conditions.

Full-scale compartment (4 m × 4 m × 4 m) experiments were carried out for four-door openings, i.e. 100%, 75%, 50% and 25% of the total vent area (2 m × 1 m) with the wood crib as a fuel load. The temperature of the upper hot smoke layers of the compartment was recorded with the help of four layers of thermocouples for varying vent areas.

The effect of ventilation on the properties, i.e. mass loss rate, enclosure temperature, heat release rate and carbon monoxide (CO) gas concentration, has been measured and analyzed. The effect of ventilation on heat flux and flame temperature has also been studied. Compartment gas temperature has been examined by five wood crib burning stages: Ignition, growth, steady burning, recess and collapse.

Findings demonstrate that the influence of vent openings varies for the burning parameters and upper layer temperature of the compartment. The current results are beneficial in analyzing thermal risks concerning compartment fire and fire safety engineering projects.

This study aims to systematically review various behavioral biases that impact an investor’s decision-making process. The prime objective of this paper is to thematically explore the behavioral bias literature and propose a comprehensive framework that can elucidate a more reasonable explanation of changes in financial markets and investors’ behavior.

Systematic literature review (SLR) methodology is applied to a portfolio of 71 peer-reviewed articles collected from different electronic databases between 2007 and 2021. Content analysis of the extant literature is performed to identify the research themes and existing gaps in the literature.

This research identifies publication trends of the behavioral biases literature and uncovers 24 different biases that impact individual investors’ decision-making. Through thematic analysis, an attribute–consequence–impact framework is proposed that explains different biases leading to individual investors’ irrationality. The study further proposes directions for future research by applying the theory–characteristics–context–methodology framework.

The results of this research will help scholars and practitioners in understanding the existence of various behavioral biases and assist them in identifying potential strategies which can evade the negative effects of these biases. The findings will further help the financial service providers to understand these biases and improve the landscape of financial services.

The essence of the current paper is the application of the SLR method on 24 biases in the area of behavioral finance. To the best of the authors’ knowledge, this study is the first attempt of its kind which provides a methodical and comprehensive compilation of both cognitive and emotional behavioral biases that affect the individual investor’s decision-making.