Showing 1 - 10 of 13
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 …
Persistent link: https://www.econbiz.de/10011257972
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 …
Persistent link: https://www.econbiz.de/10009369180
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 …
Persistent link: https://www.econbiz.de/10008694158
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 …
Persistent link: https://www.econbiz.de/10008695070
In this paper relationship between the market overconfidence and occurrence of the stock-prices’ bubbles is … constructed on the basis of subjects’ overconfidence, measured in the administered pre-experimental psychological test sessions … connection between market overconfidence and market outcomes. Prices in rational markets tend to track the fundamental asset …
Persistent link: https://www.econbiz.de/10008695071
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 … bubble measures and trading volume on overconfident markets. Altogether, our data provide evidence that overconfidence has …
Persistent link: https://www.econbiz.de/10009274275
This article illustrates the difficulties in quantifying overconfidence in experimental finance and outlines a … procedure for the development of a reliable overconfidence measurement instrument. Following the suggested two-stage procedure a … sample measure of overconfidence is developed. First a pilot test is conducted to divide the initial fifty items into three …
Persistent link: https://www.econbiz.de/10011109343
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 …
Persistent link: https://www.econbiz.de/10011266111
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 …
Persistent link: https://www.econbiz.de/10011266117
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 … bubble measures and trading volume on overconfident markets. Altogether, our data provide evidence that overconfidence has …
Persistent link: https://www.econbiz.de/10010285715