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dc.contributor.authorMenkhoff, Lukasen
dc.contributor.authorSchmeling, Maiken
dc.contributor.authorSchmidt, Ulrichen
dc.date.accessioned2010-04-07-
dc.date.accessioned2010-04-29T15:12:02Z-
dc.date.available2010-04-29T15:12:02Z-
dc.date.issued2010-
dc.identifier.urihttp://hdl.handle.net/10419/30261-
dc.description.abstractThis paper presents an online-experiment on overconfidence in the context of financial markets. Our subject pool consists of institutional investors, investment advisors and individual investors, all of them being registered users of a large online platform for market sentiment data. Due to their registration, several socioeconomic characteristics of participants can be controlled for in our analysis. It turns out that there are stable differences in overconfidence between the three investor groups. Moreover, investment experience and age have a significant impact on the degree of overconfidence which goes surprisingly in opposite direction. We argue that these results have important implications for studies analyzing the impact of experience on behavior in (financial) markets.en
dc.language.isoengen
dc.publisher|aKiel Institute for the World Economy (IfW) |cKielen
dc.relation.ispartofseries|aKiel Working Paper |x1612en
dc.subject.jelG1en
dc.subject.jelD81en
dc.subject.jelF30en
dc.subject.ddc330en
dc.subject.keywordMarket behavioren
dc.subject.keywordoverconfidenceen
dc.subject.keywordexperienceen
dc.subject.keywordprofessionalismen
dc.titleOverconfidence, experience, and professionalism: An experimental study-
dc.typeWorking Paperen
dc.identifier.ppn623170558en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:ifwkwp:1612en

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