overconfidence. We also find evidence that the market anticipates future deals based on the CEO's acquisition history and impounds …

This paper contributes to the recent behavioral economics literature by showing that whether or not overconfidence … that overconfidence may overturn fundamental relations between observable variables in perfect-competition asymmetric … information insurance markets. In monopolistic insurance markets, in constrast, we find that overconfidence may be observationally …

, the link between incompetence and overconfidence is confirmed and its implications for economic theory are explored. … relationship between competence and self-awareness explains a great deal of the overconfidence observed among economic agents. More … specifically, overconfidence is inversely proportional to competence. Through a series of experiments and analyses of field data …

overconfidence. Financial planners have an inherent duty of care and this may lead these individuals to behave differently in their … estimation methodology and behaviour. From a survey of Australian financial planners, we find extensive overconfidence in … inaccurate predictions. The overconfidence is present both when comparing estimates to the ex-post outcome of a predicted …

investment behaviour: overconfidence, risk tolerance, self-monitoring and social influence. Adopting this approach, a cluster …

overconfidence. …

, overconfidence, and market sentiment. We show that these behavioural breaks can be well modelled via the Heterogeneous Agent Model …

In this study, we test whether the overconfidence bias explains several stylized market anomalous, including a short … of French stocks market, we find empirical evidence in support of overconfidence hypothesis. First, based on a restricted … attribution bias, conditioned by right forecasts, increases investors overconfidence and trading volume. Fourth, the analysis of …