Self‐serving attribution and managerial investment decision
Bulletin of Economic Research, Volume 76, Issue 3, Page 749-772, July 2024.Abstract This study examines whether managerial overconfidence coupled with self‐attribution bias distorts the investment decisions of firms. To this end, we investigate the impact of overconfidence on asymmetric investment cash flow sensitivity (ICS).
Chune Young Chung +2 more
wiley +1 more source
Modelling the composition of household portfolios: A latent class approach
Canadian Journal of Economics/Revue canadienne d'économique, Volume 57, Issue 1, Page 243-275, February / Février 2024.Abstract We explore portfolio allocation in Great Britain by introducing a latent class modelling approach using household panel data based on a nationally representative sample of the population, namely the Wealth and Assets Survey. The latent class aspect of the model splits households into four groups, from lowest‐wealth and least‐diversified ...
Raslan Alzuabi +3 more
wiley +1 more source
Rational herding in crowdfunding, social preferences under uncertainty, and overplacement in known and unknown tasks: a behavioral approach [PDF]
, 2020 It has been proved in this dissertation how experimental economics continues to be a tool that, as it nourishes theoretical economics (and viceversa), it keeps producing results that are necessary to understand how to articulate social relations which ...
Mesa Vázquez, Ernesto
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Does the Better-Than-Average Effect Show That People Are Overconfident?: Two Experiments. [PDF]
, 2009 We conduct two experiements of the claim that people are overconfident. We develop new tests of overplacement which are based on a formal Bayesian model. Our two experiments, on easy quizzes, find overplacement.
Benoît, Jean-Pierre +2 more
core
Is overconfidence a motivated bias? Experimental evidence (MOC)
, 2022 Are overconfident beliefs driven by the motivation to view oneself positively? We test the relationship between motivation and overconfidence using two distinct, but often conflated measures: better-than-average (BTA) beliefs and overplacement.
Uriel Haran +2 more
core +1 more source
Self-employment and Cognitive Reflection - A Pre-registered Study in a General Population Sample
, 2021 Using data from a representative sample of over 2000 adults in Germany from the German Socio-Economic Panel Innovation Sample’s 2020 wave, we will study how the self-employed and managers differ from other paid employees and from one another in terms of ...
Levent Neyse, Frank M. Fossen
core +1 more source
The Trouble with Overconfidence
, 2018 This paper presents a reconciliation of the three distinct ways in which the research literature has defined overconfidence: (1) overestimation of one’s actual performance, (2) overplacement of one’s performance relative to others, and (3) excessive ...
Don A. Moore (436818) +1 more
core +1 more source
Does the better -than- average effect show that people are overconfident?: two experiments [PDF]
, 2013 We conduct two experiments of the claim that people are overconfident, using newtests of overplacement that are based on a formal Bayesian model. Our two experi-ments, on easy quizzes, find overplacement. More precisely, we find apparently over-confident
Moore, Done +2 more
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Financial Overconfidence Over Time - Foresight, Hindsight, and Insight of Investors
, 2012 Overconfidence is among the most popular psychological explanations for investing behavior of private households. It has been linked to portfolio turnover, diversification, and risk taking, with mostly negative consequences for investors.
Merkle, Christoph
core +1 more source
The Degree of Overconfidence - Examining finance and non-finance oriented business students [PDF]
, 2014 We examine the degree of overconfidence among finance and non-finance oriented business students, taking into account all the three overconfidence types; overprecision, overestimation and overplacement.
Finberg, Sarah, Hultberg, Martina
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