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behavior: Namely, overconfidence and disposition effect. In order to explore the direction of this relationship, daily …
Persistent link: https://www.econbiz.de/10011212865
The efficient-market hypothesis (EMH) is one of the most important economic and financial hypotheses that have been tested over the past century. Due to many abnormal phenomena and conflicting evidence, otherwise known as anomalies against EMH, some academics have questioned whether EMH is...
Persistent link: https://www.econbiz.de/10012237439
The efficient-market hypothesis (EMH) is one of the most important economic and financial hypotheses that have been tested over the past century. Due to many abnormal phenomena and conflicting evidence, otherwise known as anomalies against EMH, some academics have questioned whether EMH is...
Persistent link: https://www.econbiz.de/10013199649
Persistent link: https://www.econbiz.de/10011794716
Persistent link: https://www.econbiz.de/10014552910
overconfidence. We find experimental evidence that individuals update beliefs about their own investment ability based on realized … disposition effect leads to overconfidence and examine model implications for investors' trading behavior and expected profit. …
Persistent link: https://www.econbiz.de/10014251033
Persistent link: https://www.econbiz.de/10014480264
The disposition effect is a well-established phenomenon which describes the behavior of investors that are more willing to sell capital gains than capital losses. In this article we present experimental evidence on a situation where an investor decides on behalf of another person. In our...
Persistent link: https://www.econbiz.de/10011770595
The disposition effect is a well established phenomenon in the empirical and experimental financial literature. It leads to sell winners too early and to hold losers too long. In this paper, we show that the consciousness of the disposition effect by investors lead them to require a greater risk...
Persistent link: https://www.econbiz.de/10005727887
, loss aversion, regret aversion, representativeness and overconfidence. Design/methodology/approach - The relationship is … annual income earned by the investor. The test found that for the significant biases except the overconfidence bias, the … other hand, with respect to the overconfidence bias, the investors with higher annual income were prone to exhibit …
Persistent link: https://www.econbiz.de/10012025401