Overconfidence, experience, and professionalism: An experimental study

  • Lukas Menkhoffa, Maik Schmelinga, Ulrich Schmidtb
  • Published 2016


This paper presents an online-experiment on overconfidence in the context of financial markets. Our subject pool consists of institutional investors, investment advisors and individual investors, all of them being registered users of a large online platform for market sentiment data. Due to their registration, several socioeconomic characteristics of… (More)