... are influenced by their perceived financial knowledge and its bias toward their actual skills. However, overconfidence has no significant association with securities market participation but rather is marginally correlated with the intensity of such participation. Underconfidence is negatively related to both...

...Bin Liu; Monica Tan Purpose This paper aims to investigate how overconfidence bias affects financial market participants’ forecast accuracy based on the hard–easy effect concept of overconfidence research. Design/methodology/approach The authors adopt an experimental method for behavioural...

... © Emerald Group Publishing Limited 2013 --> European stock markets Overconfidence Price momentum Profit Self-attribution Stock returns Article Type: 2012 Awards for Excellence From: Studies in Economics and Finance, Volume 30, Issue 1 The following article...

... markets, and the average return is negative. Further, in all ten stock markets the momentum profits are lowest following the greatest drops in the index; this effect is significant in eight countries. These results are consistent with the behavioural theories on investors' overconfidence and undue self...