Chuang, Wen-I; Susmel, Rauli - In: Journal of Banking & Finance 35 (2011) 7, pp. 1626-1644
Guided by the Gervais and Odean (2001) overconfident trading hypothesis, we comprehensively investigate the trading behavior of individual vs. institutional investors in Taiwan in an attempt to identify who is the more overconfident trader. Conditional on the various states of the market, on...