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Confirmation Bias, Overconfidence, and Investment Performance: Evidence from Stock Message Boards
16 references·16 citing·44 second hopsampled
Confirmation Bias, Overconfidence, and Investment Performance: Evidence from Stock Message Boards (2010)Confirmation Bias, Overconfidence, and In…A Theory of Cognitive Dissonance (2017)A Theory of Cognitive Dissona…Communication and Persuasion: Central and Peripheral Routes to Attitude Change (2015)Communication and Persuasion:…Why Should I Share? Examining Social Capital and Knowledge Contribution in Electronic Networks of Practice1 (2005)Why Should I Share? Examining…Why should i share? examining social capital and knowledge contribution in electronic networks of practice (2005)Why should i share? examining…Birds of a Feather: Homophily in Social Networks (2001)Birds of a Feather: Homophily…Structural Equation Modeling and Regression: Guidelines for Research Practice (2000)Structural Equation Modeling …Investor Psychology and Security Market Under‐ and Overreactions (1998)Investor Psychology and Secur…Confirmation Bias: A Ubiquitous Phenomenon in Many Guises (1998)Confirmation Bias: A Ubiquito…Are Investors Reluctant to Realize Their Losses? (1998)Are Investors Reluctant to Re…Alternative Ways of Assessing Model Fit (1992)Alternative Ways of Assessing…Communication and Persuasion (1986)Communication and PersuasionMeasuring the Involvement Construct (1985)Measuring the Involvement Con…Application of confirmatory factor analysis to the study of self-concept: First- and higher order factor models and their invariance across groups. (1985)Application of confirmatory f…Unrealistic optimism about future life events. (1980)Unrealistic optimism about fu…Biased assimilation and attitude polarization: The effects of prior theories on subsequently considered evidence. (1979)Biased assimilation and attit…A Theory of Cognitive Dissonance (1957)A Theory of Cognitive Dissona…Heuristic bias and investment decision: Exploring the mediating role of investors’ risk perceptions (2025)Heuristic bias and investment…Exploring behavioral biases and real estate investment in Pakistan: does personality Type A or B matter? (2025)Exploring behavioral biases a…THE INTERACTION BETWEEN COGNITIVE BIASES AND THE CULTURAL DIMENSIONS OF THE COUNTRY IN INDIVIDUAL INVESTMENT DECISIONS (2023)THE INTERACTION BETWEEN COGNI…Managing Consumers’ Adoption of Artificial Intelligence-Based Financial Robo-Advisory Services: A Moderated Mediation Model (2023)Managing Consumers’ Adoption …Fortune Investments and Assets (2023)Fortune Investments and AssetsDoes cognitive biased knowledge influence investor decisions? An empirical investigation using machine learning and artificial neural network (2023)Does cognitive biased knowled…BeFi meets DeFi: A behavioral finance approach to decentralized finance asset pricing (2023)BeFi meets DeFi: A behavioral…The role of cognitive heuristic-driven biases in investment management activities and market efficiency: a research synthesis (2022)The role of cognitive heurist…Psychological and Social Factors Determining Investment Decisions in Cryptocurrency: Exploring the Mediating Role of Cognitive (2022)Psychological and Social Fact…Personality traits and behaviour biases: the moderating role of risk-tolerance (2022)Personality traits and behavi…Nudging against panic selling: Making use of the IKEA effect (2021)Nudging against panic selling…Confirmation bias is adaptive when coupled with efficient metacognition (2020)Confirmation bias is adaptive…A MIDAS modelling framework for Chinese inflation index forecast incorporating Google search data (2015)A MIDAS modelling framework f…Personal experience as social capital in online investor forums (2014)Personal experience as social…Gravitation Toward Prior Performance in Mutual Fund Advertisings: Do Consumer Investors' Processing Abilities Account for Biased Information Processing? (2013)Gravitation Toward Prior Perf…Investors’ information sharing and use in virtual communities (2012)Investors’ information sharin…Belief, Attitude, Intention and Behavior: An Introduction to Theory and Research (1975)Structural equation modeling in practice: A review and recommended two-step approach. (1988)Perceived Usefulness, Perceived Ease of Use, and User Acceptance of Information Technology (1989)Common Method Variance in IS Research: A Comparison of Alternative Approaches and a Reanalysis of Past Research (2006)Specification, evaluation, and interpretation of structural equation models (2011)Lateral Collinearity and Misleading Results in Variance-Based SEM: An Illustration and Recommendations (2012)Structural Model Evaluation and Modification: An Interval Estimation Approach (1990)Fit indices in covariance structure modeling: Sensitivity to underparameterized model misspecification. 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(1985)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets (1999)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)Human behavior and the principle of least effort (1949)Informal social communication. (1950)Structural Holes (1992)The Network Paradigm in Organizational Research: A Review and Typology (2003)E Pluribus Unum : Diversity and Community in the Twenty‐first Century The 2006 Johan Skytte Prize Lecture (2007)Friendship and mobility (2011)Subjective probability: A judgment of representativeness (1972)Availability: A heuristic for judging frequency and probability (1973)Optimism, coping, and health: Assessment and implications of generalized outcome expectancies. 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References

  • 1992Alternative Ways of Assessing Model Fit27,192 cited
  • 1957A Theory of Cognitive Dissonance24,224 cited
  • 2001Birds of a Feather: Homophily in Social Networks18,551 cited
  • 2017A Theory of Cognitive Dissonance18,122 cited
  • 1998Confirmation Bias: A Ubiquitous Phenomenon in Many Guises7,230 cited
  • 2000Structural Equation Modeling and Regression: Guidelines for Research Practice6,417 cited
  • 1985Measuring the Involvement Construct6,012 cited
  • 1998Investor Psychology and Security Market Under‐ and Overreactions5,711 cited
  • 1986Communication and Persuasion5,214 cited
  • 1980Unrealistic optimism about future life events.4,996 cited
  • 2015Communication and Persuasion: Central and Peripheral Routes to Attitude Change4,993 cited
  • 1979Biased assimilation and attitude polarization: The effects of prior theories on subsequently considered evidence.4,582 cited
  • 2005Why Should I Share? Examining Social Capital and Knowledge Contribution in Electronic Networks of Practice13,909 cited
  • 1998Are Investors Reluctant to Realize Their Losses?3,721 cited
  • 2005Why should i share? examining social capital and knowledge contribution in electronic networks of practice

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3,534 cited
  • 1985Application of confirmatory factor analysis to the study of self-concept: First- and higher order factor models and their invariance across groups.3,416 cited
  • Cited by

    • 2015A MIDAS modelling framework for Chinese inflation index forecast incorporating Google search data56 cited
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    • 2022The role of cognitive heuristic-driven biases in investment management activities and market efficiency: a research synthesis44 cited
    • 2023BeFi meets DeFi: A behavioral finance approach to decentralized finance asset pricing39 cited
    • 2023Does cognitive biased knowledge influence investor decisions? An empirical investigation using machine learning and artificial neural network34 cited
    • 2014Personal experience as social capital in online investor forums22 cited
    • 2023Managing Consumers’ Adoption of Artificial Intelligence-Based Financial Robo-Advisory Services: A Moderated Mediation Model18 cited
    • 2022Psychological and Social Factors Determining Investment Decisions in Cryptocurrency: Exploring the Mediating Role of Cognitive12 cited
    • 2013Gravitation Toward Prior Performance in Mutual Fund Advertisings: Do Consumer Investors' Processing Abilities Account for Biased Information Processing?11 cited
    • 2020Confirmation bias is adaptive when coupled with efficient metacognition10 cited
    • 2021Nudging against panic selling: Making use of the IKEA effect7 cited
    • 2025Heuristic bias and investment decision: Exploring the mediating role of investors’ risk perceptions5 cited
    • 2025Exploring behavioral biases and real estate investment in Pakistan: does personality Type A or B matter?2 cited
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    • 2023Fortune Investments and Assets1 cited