We investigate the theoretically proposed link between judgmental overconfidence and trading activity. In addition to … the relevant bias in the theoretical overconfidence literature. We relate the obtained overconfidence measures to trading …

relatively. We test three different theories about observed relative overconfidence. The first theory notes that simple … asymmetry produces overconfidence (Kőszegi, 2006; Weinberg, 2006). We test an important specific prediction of these models … might make this belief worse. Our data also reject this prediction. The third theory is that overconfidence is induced by …

overconfidence and linked to the judgment literature in psychology. Empirical tests of the models often fail to find evidence for the … predicted effects of overconfidence. These studies assume, however, that a specific type of overconfidence, i.e., miscalibration … the theoretical predictions of the overconfidence literature in economics and finance, one cannot rely on the well …

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 …

Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue … that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … particular, we show theoretically and experimentally that different forms of overconfidence may have opposing effects on …

Recent field evidence suggests a positive link between overconfidence and innovative activities. In this paper we argue … that the connection between overconfidence and innovation is more complex than the previous literature suggests. In … particular, we show theoretically and experimentally that different forms of overconfidence may have opposing effects on …

. 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. …

exchange. Two sentiment indicators are considered, the overconfidence and the net optimism-pessimism indicator. Non … react rapidly and asymmetrically to changes in overconfidence sentiment, while the optimism and pessimism sentiment has …