Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/32188
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dc.contributor.authorDeaves, Richarden_US
dc.contributor.authorLüders, Eriken_US
dc.contributor.authorSchröder, Michaelen_US
dc.date.accessioned2005-12-14en_US
dc.date.accessioned2010-05-14T12:00:46Z-
dc.date.available2010-05-14T12:00:46Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/32188-
dc.description.abstractAs a group, market forecasters are egregiously overconfident. In conformity to the dynamic model of overconfidence of Gervais and Odean (2001), successful forecasters have become more overconfident. What's more, more experienced forecasters have learned to be overconfident, and hence are more susceptible to this behavioral flaw than their less experienced peers . It is not just individuals who are affected. Markets also become more overconfident when market returns have been high.en_US
dc.language.isoengen_US
dc.publisher|aCoFE |cKonstanzen_US
dc.relation.ispartofseries|aDiscussion paper series // Zentrum für Finanzen und Ökonometrie, Universität Konstanz |x2005,10en_US
dc.subject.ddc330en_US
dc.subject.stwAnlageverhaltenen_US
dc.subject.stwWertpapieranalyseen_US
dc.subject.stwLernprozessen_US
dc.subject.stwSchätzungen_US
dc.subject.stwDeutschlanden_US
dc.titleThe dynamics of overconfidence: Evidence from stock market forecastersen_US
dc.type|aWorking Paperen_US
dc.identifier.ppn504469304en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-

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