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 … trading activity were overconfidence dependent only for female participants. Mistakes in price forecasting, that are …

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 …

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 …

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

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 …

investments. Our results indicate prevalence of herding and overconfidence in professional analysts. We also find that analysts …