Confirmation Biases in the Financial Analysis of IT Investments

  title={Confirmation Biases in the Financial Analysis of IT Investments},
  author={Renaud Legoux and Pierre-Majorique L{\'e}ger and Jacques Robert and Martin Boyer},
  journal={J. AIS},
This paper focuses on the optimistic and confirmation biases of experts with respect to major IT investments and their interaction with financial analysts' competencies in finance and information technology. We used an experimental design that involved asking subjects to predict the financial market's reaction to major IT investment announcements. Drawing on the literature on optimistic biases, we showed that IT and financial expertise lead to different forecasting patterns. We found that… CONTINUE READING
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