Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/32188 
Erscheinungsjahr: 
2005
Schriftenreihe/Nr.: 
CoFE Discussion Paper No. 05/10
Verlag: 
University of Konstanz, Center of Finance and Econometrics (CoFE), Konstanz
Zusammenfassung: 
As 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.
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
238.82 kB





Publikationen in EconStor sind urheberrechtlich geschützt.