Overconfidence in Investment Decisions: An Experimental Approach

Overconfidence in Investment Decisions: An Experimental Approach (2001)

Cached

Download Links

by Dennis A. V. Dittrich , Werner Güth , Boris Maciejovsky , Jel C

Citations:

BibTeX

@MISC{Dittrich01overconfidencein,
    author = {Dennis A. V. Dittrich and Werner Güth and Boris Maciejovsky and Jel C},
    title = {Overconfidence in Investment Decisions: An Experimental Approach},
    year = {2001}
}

Bookmark

OpenURL

Abstract

We experimentally test overconfidence in investment decisions by offering participants the possibility to substitute their own for alternative investment choices.

Citations

286	2007), "z-Tree: Zurich Toolbox for Ready-made Economic Experiments - Fischbacher
205	Investor psychology and security market under- and overreactions - Daniel, Hirshleifer, et al. - 1998
172	Experimental Test of the endowment effect and the Coase Theorem - Kahneman, Knetsch, et al. - 1990
139	EJ: The illusion of control - Langer - 1975
115	Investor psychology and asset pricing - Hirshleifer - 2001
103	Overconfidence and excess entry: An experimental approach - Colin, Lovallo - 1999
94	Preferences and Beliefs: Ambiguity and Competence in Choice under Uncertainty - Heath, Tversky - 1991
84	Do investors trade too much - Odean - 1999
77	Probabilistic mental models. A Brunswikian theory of confidence - Gigerenzer, Hoffrage, et al. - 1991
70	The weighing of evidence and the determinants of confidence - Griffin, Tversky - 1992
68	Measuring utility by a single-response sequential method - Becker, DeGroot, et al. - 1964
66	Speculation Duopoly with Agreement to Disagree: Can OverconÞdence Survive the Market Test?” The Journal of Finance LII - Kyle, Wang - 1997
63	Learning to be overconfident - Simon, Odean - 2001
58	Dunning D: Unskilled and Unaware of It: How Difficulties in Recognizing One’s Own Incompetence Lead to Inflated SelfAssessments - Kruger - 1999
53	Entrepreneurs’ perceived chances for success - Cooper, Woo, et al. - 1988
50	Knowing with certainty: The appropriateness of extreme confidence - Fischhoff, Slovic, et al. - 1977
41	Reasons for Confidence - Koriat, Lichtenstein, et al. - 1980
38	On the theory of reference-dependent preferences - Munro, Sugden
37	profit when all traders are above average - Volume, price
25	On the survival of overconfident traders in a competitive securities market - Hirshleifer, Luo - 2001
24	Odean (2000), “Trading is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors - Barber
24	Aggressiveness and survival of overconfident traders - Benos - 1998
22	Simultaneous over- and underconfidence: The role of error in judgment processes - Erev, Wallsten, et al. - 1994
18	Probability forecasting in meteorology - Murphy, Winkler - 1984
17	Money does not induce risk neutral behavior, but binary lotteries do even worse, Theory and Decision 46 - Selten, Sadreih, et al. - 1999
17	Probabilistic forecasting: An experiment related to the stock market, Organizational Behavior and Human Performance 8 - Holstein, C-A - 1972
16	The overconfidence phenomenon as a consequence of informal experimenter-guided selection of almanac items - Juslin - 1994
15	Controlling preferences for lotteries on units of experimental exchange - Berg, Dickhaut, et al. - 1986
15	Managing overconfidence - Russo, Schoemaker - 1992
14	Aspects of investor psychology - Kahneman, Riepe - 1998
14	2000, Information aggregation with random ordering: Cascades and overconfidence, Working Paper (34 - Nöth, Weber
11	The courage of misguided convictions - Barber, Odean - 1999
11	Highly confident but wrong: Gender differences and similarities in confidence judgments - Lundeberg, Fox, et al. - 1994
10	Some psychological determinants of the level of aspiration - Frank - 1935
10	An explanation of the hard-easy effect in studies of realism of confidence in one’s general knowledge - Juslin - 1993
10	Information and the divergence between willingness to accept and willingness to pay - Kolstadt, Guzman - 1999
9	More laboratory evidence on the disparity between willingness to pay and compensation demanded - Harless - 1989
7	Overconfidence: It depends on how, what, and whom you ask, Organizational Behavior and Human Decision Processes 79 - Klayman, Soll, et al. - 1999
7	A.: 2001, Overconfidence, investor sentiment, and evolution - Wang
6	Discrete subjective probabilities and decision analysis: Elicitation, calibration and combination - Ferrell - 1994
5	Alternative distributed models for the comparative study of stock market phenomena - Benos, Tzafestas - 1997
5	Confidence and the welfare of less-informed investors - Bloomfield, Libby, et al. - 1999
5	On the efficiency and equity of betting markets - Dowie - 1976
4	Foundations of a theory of prominence in the decimal system, part i: Numerical response as a process, exactness, and structure of scales, Working Paper (256 - Albers - 1997
4	Risk aversion and incentive effects. Working Paper - Holt, Laury - 2000
4	2000, Correct belief, wrong action and a puzzling gender difference, Working Paper (17). Tel Aviv - Huberman, Rubinstein
1	Your preferences may be hazardous to your wealth: How false consensus and overconfidence influence judgments of product success, Working Paper (05 - Adams, Johnson, et al. - 1995
1	2000, Psychological traits and trading strategies, Working Paper (39 - Biais, Hilton, et al.
1	2000, Speculating against an overconfident market, Working Paper (09 - Caballé, Sákovics
1	2001, Illusion of expertise: An experimental approach, Papers on Strategic Interaction (02). Max Planck Institute for Research into Economic Systems - Fellner, Güth, et al.