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Does society benefit from investor overconfidence in the ability of financial market experts?
16 references·0 citing·36 second hop
Does society benefit from investor overconfidence in the ability of financial market experts? (2004)Does society benefit from investor overco…Game Theory Evolving (2009)Game Theory EvolvingInference by Believers in the Law of Small Numbers (2002)Inference by Believers in the…Overconfidence, Arbitrage, and Equilibrium Asset Pricing (2001)Overconfidence, Arbitrage, an…Learning to Be Overconfident (2001)Learning to Be OverconfidentSimple Heuristics That Make Us Smart (1999)Simple Heuristics That Make U…First Impressions Matter: A Model of Confirmatory Bias (1999)First Impressions Matter: A M…A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets (1999)A Unified Theory of Underreac…Volume, Volatility, Price, and Profit When All Traders Are Above Average (1998)Volume, Volatility, Price, an…Investor Psychology and Security Market Under‐ and Overreactions (1998)Investor Psychology and Secur…A model of investor sentiment1We are grateful to the NSF for financial support, and to Oliver Blanchard, Alon Brav, John Campbell (a referee), John Cochrane, Edward Glaeser, J.B. Heaton, Danny Kahneman, David Laibson, Owen Lamont, Drazen Prelec, Jay Ritter (a referee), Ken Singleton, Dick Thaler, an anonymous referee, and the editor, Bill Schwert, for comments.1 (1998)A model of investor sentiment…Psychology and Economics (1997)Psychology and EconomicsInformed Speculation with Imperfect Competition (1989)Informed Speculation with Imp…Further Evidence On Investor Overreaction and Stock Market Seasonality (1987)Further Evidence On Investor …Noise (1986)NoiseContinuous Auctions and Insider Trading (1985)Continuous Auctions and Insid…A model of investor sentiment /A model of investor sentiment…Judgment under Uncertainty: Heuristics and Biases (1975)The Framing of Decisions and the Psychology of Choice (1981)Prospect theory: An analysis of decision under risk (1988)Individual differences in reasoning: Implications for the rationality debate? (2000)Heuristics and Biases: The Psychology of Intuitive Judgment (2004)The General Theory of Employment, Interest and Money, by John Maynard Keynes (1936)The General Theory of Employment, Interest and Money. (1936)Does the Stock Market Overreact? (1985)Norm theory: Comparing reality to its alternatives. (1986)Positive Feedback Investment Strategies and Destabilizing Rational Speculation (1990)Investor Psychology and Asset Pricing (2001)Rational choice and the structure of the environment. (1956)Human Problem Solving (1972)Representativeness Revisited: Attribute Substitution in Intuitive Judgment (2002)Measurement Instruments for the Anthropomorphism, Animacy, Likeability, Perceived Intelligence, and Perceived Safety of Robots (2008)Heuristic Decision Making (2010)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies (2000)Capital markets research in accounting (2001)Judgment under Uncertainty: Heuristics and Biases (1974)Integración de los mercados financieros Latinoamericanos por medio de MILA (2020)Prospect Theory: An Analysis of Decision under Risk (1979)Do Investors Trade Too Much? (1999)Gender Differences in Preferences (2009)Noise Trader Risk in Financial Markets (1990)Chapter 18 A survey of behavioral finance (2003)The Adaptive Markets Hypothesis (2004)Investor attention, overconfidence and category learning (2006)Illiquidity and stock returns: cross-section and time-series effects (2002)In Search of Attention (2011)
this work references cited by second hop

References

  • 1985Continuous Auctions and Insider Trading9,626 cited
  • 1998Investor Psychology and Security Market Under‐ and Overreactions5,711 cited
  • n.d.A model of investor sentiment /4,073 cited
  • 1999A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets4,018 cited
  • 1999Simple Heuristics That Make Us Smart3,562 cited
  • 1998A model of investor sentiment1We are grateful to the NSF for financial support, and to Oliver Blanchard, Alon Brav, John Campbell (a referee), John Cochrane, Edward Glaeser, J.B. Heaton, Danny Kahneman, David Laibson, Owen Lamont, Drazen Prelec, Jay Ritter (a referee), Ken Singleton, Dick Thaler, an anonymous referee, and the editor, Bill Schwert, for comments.12,865 cited
  • 1997Psychology and Economics2,494 cited
  • 1987Further Evidence On Investor Overreaction and Stock Market Seasonality2,374 cited
  • 1998Volume, Volatility, Price, and Profit When All Traders Are Above Average1,980 cited
  • 2001Learning to Be Overconfident1,664 cited
  • 1999First Impressions Matter: A Model of Confirmatory Bias1,001 cited
  • 1989Informed Speculation with Imperfect Competition963 cited
  • 2001Overconfidence, Arbitrage, and Equilibrium Asset Pricing951 cited
  • 2009Game Theory Evolving877 cited

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Inference by Believers in the Law of Small Numbers
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  • 1986Noise600 cited
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