Showing 1 - 10 of 39
Overconfidence is one of the most important biases in financial markets and commonly associated with excessive trading … and asset market bubbles. So far, most of the finance literature takes overconfidence as a given, "static" personality … trait. In this paper we introduce a novel experimental design which allows us to track different measures of overconfidence …
Persistent link: https://www.econbiz.de/10012034133
We study the relationship between overconfidence and the political and financial behavior of a nationally … representative sample. To do so, we introduce a new method of eliciting overconfidence that is simple to understand, quick to … price forecasting errors, and more extreme political views. Additionally, we find that overconfidence is correlated with …
Persistent link: https://www.econbiz.de/10012648019
We study the relationship between overconfidence and the political and financial behavior of a nationally … also find that overconfidence correlates with an increased likelihood of voting absenteeism. Importantly, our analysis … overconfidence across various knowledge domains, we further show that overconfidence is consistent within respondents and across …
Persistent link: https://www.econbiz.de/10015075012
Overconfidence is one of the most important biases in financial markets and commonly associated with excessive trading … and asset market bubbles. So far, most of the finance literature takes overconfidence as a given, "static" personality … trait. In this paper we introduce a novel experimental design which allows us to track different measures of overconfidence …
Persistent link: https://www.econbiz.de/10012141867
We study the relationship between overconfidence and the political and financial behavior of a nationally … representative sample. To do so, we introduce a new method of eliciting overconfidence that is simple to understand, quick to … price forecasting errors, and more extreme political views. Additionally, we find that overconfidence is correlated with …
Persistent link: https://www.econbiz.de/10012653508
We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility gains from price decreases of equal magnitude. Price...
Persistent link: https://www.econbiz.de/10010336108
We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility gains from price decreases of equal magnitude. Price...
Persistent link: https://www.econbiz.de/10010336110
We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility gains from price decreases of equal magnitude. Price...
Persistent link: https://www.econbiz.de/10010352312
We present a new partial equilibrium theory of price adjustment, based on consumer loss aversion. In line with prospect theory, the consumers' perceived utility losses from price increases are weighted more heavily than the perceived utility gains from price decreases of equal magnitude. Price...
Persistent link: https://www.econbiz.de/10010398564
We present a new theory of wage adjustment, based on worker loss aversion. In line with prospect theory, the workers' perceived utility losses from wage decreases are weighted more heavily than the perceived utility gains from wage increases of equal magnitude. Wage changes are evaluated...
Persistent link: https://www.econbiz.de/10010435609