Similar Search Results

An Empirical Analysis of the Excessive Volatility-Overconfidence Relationship: Evidence from the Tunisian Stock Market

Feker, Bayoudh; Ali, Houfi Mohamed; Kais, Tissaoui; … - In: Asian Economic and Financial Review 2 (2012) 1, pp. 100-118

The purpose of this paper is to provide that the explanation of excessive volatility can be only done through an attentive description of the psychological aspects of the investors. Our interest is carried in particular to the overconfidence bias. Our objective in this study is to identify...

Persistent link: https://www.econbiz.de/10009654288

Decision Making in the Stock Market: Incorporating Psychology with Finance

Chandra, Abhijeet - Volkswirtschaftliche Fakultät, … - 2008

The decision-making by individual investors is usually based on their age, education, income, investment portfolio, and other demographic factors. The impact of behavioural aspect of investing is, however, often ignored. The objective of this paper is to explore the impact of behavioural factors...

Persistent link: https://www.econbiz.de/10008562626

Information Acquisition and Portfolio Performance

Guiso, Luigi; Jappelli, Tullio - C.E.P.R. Discussion Papers - 2006

Rational investors perceive correctly the value of financial information. Investment in information is therefore rewarded with a higher Sharpe ratio. Overconfident investors overstate the quality of their own information, and thus attain a lower Sharpe ratio. We contrast the implications of the...

Persistent link: https://www.econbiz.de/10005123525

Pragmatic Objectivity

Marsonet, Michele - In: Academicus International Scientific Journal (2014) 9, pp. 43-54

to rationalize the world in which we live. Indeed, there can be no rationality without universality. …. It is something that we postulate or presume from the very outset of our dealings with people’s claims about the world … scientific instruments are able to attain. Does this mean that our commonsense view of the world is totally wrong and that nature …

Persistent link: https://www.econbiz.de/10011265105