Bao, Helen; Li, Steven Haotong - In: Journal of risk and financial management : JRFM 13 (2020) 10/232, pp. 1-21
Overconfidence is one of the most robust behavioral anomalies in financial markets. By attributing investment gains to their ability, investors become overconfident and trade aggressively in subsequent periods. Evidence from stock markets shows that overconfidence leads to excessive trading and,...
