Showing 1,481 - 1,490 of 1,586
We conducted an experiment to compare how overconfidence is influenced by performance-based and fixed payment schemes … overconfidence of women, and decreased the overconfidence of men. As a result, no gender difference in overconfidence was found when …
Persistent link: https://www.econbiz.de/10011039060
In a large-scale laboratory experiment, we investigate gender differences in overconfidence and risk taking. Our … results show that (self-)selection and socialization can eliminate the gender difference in overconfidence, but they appear …
Persistent link: https://www.econbiz.de/10011041705
We conduct two experiements of the claim that people are overconfident. We develop new tests of overplacement which are based on a formal Bayesian model. Our two experiments, on easy quizzes, find overplacement. More precisely, we find apparently overconfident data that cannot be accounted for...
Persistent link: https://www.econbiz.de/10011108863
This article illustrates the difficulties in quantifying overconfidence in experimental finance and outlines a … procedure for the development of a reliable overconfidence measurement instrument. Following the suggested two-stage procedure a … sample measure of overconfidence is developed. First a pilot test is conducted to divide the initial fifty items into three …
Persistent link: https://www.econbiz.de/10011109343
Two relevant areas in the behaviorist literature are prospect theory and overconfidence. Many tests are available to …, overplacement and overprecision as measures of overconfidence. Those tests are suitable to deal with single manifestations but often … and overconfidence. We conduct an experimental research with 126 students to validate the tests, revealing they are …
Persistent link: https://www.econbiz.de/10011111828
Behavioral finance studies the application of psychology to finance, with a focus on individual-level cognitive biases. I describe here the sources of judgment and decision biases, how they affect trading and market prices, the role of arbitrage and flows of wealth between more rational and less...
Persistent link: https://www.econbiz.de/10011111870
measure overconfidence , overconfidence will aggravate this distortion . …
Persistent link: https://www.econbiz.de/10011112916
This paper tests the alternative hypotheses of investment selection skills versus overconfidence of equity mutual funds … overconfidence when the market is in turmoil, suggesting an investment strategy of shifting from concentrated funds to more broadly …
Persistent link: https://www.econbiz.de/10011116379
markets. Consistent with Thaler and Johnson's (1990) house money effect and the overconfidence hypothesis proposed by Gervais …
Persistent link: https://www.econbiz.de/10011116409
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 …
Persistent link: https://www.econbiz.de/10011116877