An Experimental Test of the Impact of Overconfidence and Gender on Trading Activity

@inproceedings{Lueders2004AnET,
  title={An Experimental Test of the Impact of Overconfidence and Gender on Trading Activity},
  author={Erik Lueders},
  year={2004}
}
We perform an asset market experiment in order to investigate whether overconfidence induces trading. We investigate three manifestations of overconfidence: calibration-based overconfidence, the better-than-average effect and illusion of control. Novelly, the measure employed for calibration-based overconfidence is task-specific in that it is designed to influence behavior. We find that calibration-based overconfidence does engender additional trade, though the better-than-average also appears… CONTINUE READING
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