Broekema, Stijn P. M.; Kramer, Marc M. - In: Journal of risk and financial management : JRFM 14 (2021) 11, pp. 1-15
This paper examines the relationship between overconfidence and losses from under-diversification among Dutch investors. We find that a lack of proper portfolio diversification is positively associated with overconfidence. Part of this relationship is mediated through the lower propensity of...
