Overconfidence in Fınance wıth Different Domains: An Interdisciplinary Experimental Approach
Abstract
Behavioral and experimental finance literature has grown by leaps and bounds in recent years. However, much work remains to be done in the field. In detecting behavioral biases and their effects on decision making process, experiments are very advantageous in that it is possible to obtain valuable findings about the biases of individuals in controlled laboratory settings. The purpose of this study is to search for the overconfidence bias of UK subjects and investigate whether overconfidence is domain specific. Results indicate that people are generally overconfident. Most of them see themselves above average and overestimate precision of their knowledge. In addition, it is found that individuals are less overconfident in the domain of finance.
Keywords
Kaynakça
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Ayrıntılar
Birincil Dil
İngilizce
Konular
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Bölüm
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Yayımlanma Tarihi
25 Nisan 2014
Gönderilme Tarihi
1 Ekim 2013
Kabul Tarihi
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Yayımlandığı Sayı
Yıl 1970 Cilt: 15 Sayı: 1