Showing 1 - 10 of 12
. 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 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 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
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 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 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 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
overconfidence by US Americans and Italians further reduces their demand for redistribution under uncertainty. The "Prospect of …
Persistent link: https://www.econbiz.de/10013480183
. 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
Persistent link: https://www.econbiz.de/10011643028