... returns on preceding index movements in European stock markets. Keywords European stock markets, Overconfidence, Price momentum, Profit,Self-attribution, Stock returns www.emeraldinsight.com/10.1108/10867371111141972 This article originally appeared in Volume 28 Number 3, 2011, pp. 217-32...

.... Furthermore, Gervais and Odean (2001) discuss how asset prices are likely to be vulnerable to the combination of overconfidence and biased self‐attribution. Most investors hold long positions in stocks and expect positive returns. Following upward moving markets, increased self‐attribution leads to greater...