Showing 1 - 10 of 14
. Higher risk taking may be explained by a higher degree of overconfidence, less herding behavior, or a lower degree of risk … overconfidence is mixed. We will argue that this mixed evidence may be likely due to the heterogeneity in the employed definitions of … risk taking and overconfidence. …
Persistent link: https://www.econbiz.de/10010261673
This paper presents an online-experiment on overconfidence in the context of financial markets. Our subject pool … participants can be controlled for in our analysis. It turns out that there are stable differences in overconfidence between the … three investor groups. Moreover, investment experience and age have a significant impact on the degree of overconfidence …
Persistent link: https://www.econbiz.de/10010688111
There are robust gender differences in the domains of risk taking, overconfidence and competition behavior. However, as … competition in the tournament scenario. The expected lower degree of overconfidence by women is yet so small that it becomes …
Persistent link: https://www.econbiz.de/10010264941
This paper examines financial professionals' overconfidence in their forecasting performance. We are the first to … show overconfidence on average. In analyzing this, we find an easing relation to experience. Job characteristics are also … related to less overconfidence, such as being a fund manager and using fundamental analysis. The same effect is found for the …
Persistent link: https://www.econbiz.de/10010270051
This paper presents an online-experiment on overconfidence in the context of financial markets. Our subject pool … participants can be controlled for in our analysis. It turns out that there are stable differences in overconfidence between the … three investor groups. Moreover, investment experience and age have a significant impact on the degree of overconfidence …
Persistent link: https://www.econbiz.de/10008631613
This paper presents an online-experiment on overconfidence in the context of financial markets. Our subject pool … participants can be controlled for in our analysis. It turns out that there are stable differences in overconfidence between the … three investor groups. Moreover, investment experience and age have a significant impact on the degree of overconfidence …
Persistent link: https://www.econbiz.de/10010278004
This paper examines financial professionals' overconfidence in their forecasting performance. We compare individuals … sample show overconfidence on average, although to a moderate degree, including many cases of underconfidence. In analyzing … this, we find that working experience is accompanied by less overconfidence. Function is also related to less …
Persistent link: https://www.econbiz.de/10004967269
This paper examines whether biased income expectations due to overconfidence lead to higher levels of debt-taking. We … show suggestive evidence for a link between overconfidence and borrowing behavior in a representative survey of German …, participants can purchase goods by borrowing against their future income. We exogenously manipulate overconfidence about income …
Persistent link: https://www.econbiz.de/10014474949
. Higher risk taking may be explained by a higher degree of overconfidence, less herding behavior, or a lower degree of risk … overconfidence is mixed. We will argue that this mixed evidence may be likely due to the heterogeneity in the employed definitions of … risk taking and overconfidence. …
Persistent link: https://www.econbiz.de/10005464661
There are robust gender differences in the domains of risk taking, overconfidence and competition behavior. However, as … competition in the tournament scenario. The expected lower degree of overconfidence by women is yet so small that it becomes …
Persistent link: https://www.econbiz.de/10005464782