We investigate the influence of overconfidence and risk aversion on individual financial decision making in the … their pre-experimental overconfidence scores, were assigned to the two types of markets: least overconfident subjects formed … five “rational” markets and most overconfident subjects formed five “overconfident” markets. The asset market experiment …

This paper investigates the relationship between market overconfidence and occurrence of stock-price bubbles. Sixty … participants traded stocks in ten experimental asset markets. Markets were constructed on the basis of subjects’ overconfidence …: The most overconfident subjects form high overconfidence markets, and the least overconfident subjects low overconfidence …

-aversion, overconfidence and hyperbolic discounting. These behavioral phenomena do indeed imply that concepts from cost-benefit analysis such …

with the behavioral biases like overconfidence, regret, pyramid and risk. Primary data based on questionnaire and …

overconfidence phenomenon. Overconfidence is presented as a well-developed psychological theory, with main facets comprising … miscalibration, betterthan- average effect, illusion of control and unrealistic optimism. The primary applications of overconfidence … studies, formal models and analyses of market data demonstrate that overconfidence at least partially solves some financial …

Two relevant areas in the behaviorist literature are prospect theory and overconfidence. Many tests are available to …, overplacement and overprecision as measures of overconfidence. Those tests are suitable to deal with single manifestations but often … and overconfidence. We conduct an experimental research with 126 students to validate the tests, revealing they are …

construction of the comprehensive measure of individual overconfidence for the use in economic overconfidence experiments, are … of difficulty, and showed that gender was not associated with overconfidence in the developed instrument. The average … group overconfidence measures obtained from both experimental phases did not differ from each other significantly …

In this paper influence of behavioral factors (overconfidence and risk aversion) on financial decision making of … experiments. In conducted asset market sessions subjects, based on their pre-experimental overconfidence scores, were assigned to … activity were overconfidence dependent. Even small variations in miscalibration among players of the same “type”, comprising …

construction of the comprehensive measure of individual overconfidence for the use in economic overconfidence experiments, are … of difficulty, and showed that gender was not associated with overconfidence in the developed instrument. The average … group overconfidence measures obtained from both experimental phases did not differ from each other significantly …