This doctoral thesis investigates the influence of overconfidence on the outcomes in experimental asset markets, both on the market and individual levels. Thesis consists of three parts. In the first part an instrument (test) is developed that is later used in economic experiments to measure...

In theory, investors who have low security selection ability trade more, use leverage more, and perform worse if they are overconfident. We confirm these predictions empirically by analyzing the overconfidence, trading, and performance of retail investors who use margin. Using survey data, we...

The seemingly never ending scandals in the world of finance with their damaging effects on value and human welfare argue strongly for an addition to the current paradigm of financial economics. We summarize here our new theory of integrity that reveals integrity as a purely positive phenomenon...

This paper is a response to Deirdre Nansen Mccloskey's comment On 'Putting Integrity into Finance: A Purely Positive Approach' (by Werner Erhard and Michael C. Jensen) which can be found at 'http://ssrn.com/abstract=2963231' http://ssrn.com/abstract=2963231

This paper is a comment on 'Putting Integrity Into Finance: A Purely Positive Approach' (by Werner Erhard and Michael C. Jensen) which can be found at 'http://ssrn.com/abstract=2963231' http://ssrn.com/abstract=2963231

This paper is a comment on 'Putting Integrity Into Finance: A Purely Positive Approach' (by Werner Erhard and Michael C. Jensen) which can be found at 'http://ssrn.com/abstract=2963231' http://ssrn.com/abstract=2963231

The seemingly never-ending scandals in the world of finance, accompanied by their damaging effects on value and human welfare, make a strong case for an addition to the current paradigm of financial economics. We summarize here our new theory of integrity that reveals integrity as a purely...

The seemingly never ending scandals in the world of finance with their damaging effects on value and human welfare (that continue unabated in spite of all the various efforts to curtail the behavior that results in those scandals) argues strongly for an addition to the current paradigm of...