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Confidence and the welfare of less-informed investors
16 references·16 citing·41 second hopsampled
Confidence and the welfare of less-informed investors (1999)Confidence and the welfare of less-inform…Financial statement analysis (2007)Financial statement analysisWhat is the Intrinsic Value of the Dow? (1999)What is the Intrinsic Value o…Accounting valuation, market expectation, and cross-sectional stock returns (1998)Accounting valuation, market …The weighing of evidence and the determinants of confidence (1992)The weighing of evidence and …Investor Sentiment and the Closed‐End Fund Puzzle (1991)Investor Sentiment and the Cl…Investor Sentiment and the Closed-End Fund Puzzle (1991)Investor Sentiment and the Cl…Evidence that stock prices do not fully reflect the implications of current earnings for future earnings (1990)Evidence that stock prices do…Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium? (1989)Post-Earnings-Announcement Dr…Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets (1988)Rational Expectations and the…Positive Accounting Theory (1985)Positive Accounting TheoryFinancial Reporting: An Accounting Revolution. (1982)Financial Reporting: An Accou…Efficiency of Experimental Security Markets with Insider Information: An Application of Rational-Expectations Models (1982)Efficiency of Experimental Se…Calibration of probabilities: The state of the art to 1980 (1982)Calibration of probabilities:…Accounting and human information processing : theory and applications (1981)Accounting and human informat…Do those who know more also know more about how much they know? (1977)Do those who know more also k…Judgment under Uncertainty: Heuristics and Biases (1975)Judgment under Uncertainty: H…Executive Confidence: A Multidisciplinary Review, Synthesis, and Agenda for Future Research (2022)Executive Confidence: A Multi…Trader Participation in Disclosure: Implications of Interactions with Management (2019)Trader Participation in Discl…Linguistic tone and the small trader (2018)Linguistic tone and the small…Awareness about equity investment among retail investors: a kaleidoscopic view (2017)Awareness about equity invest…Earnings Metrics, Information Processing, and Price Efficiency in Laboratory Markets (2015)Earnings Metrics, Information…Information Asymmetry and the Ex Ante Impact of Public Disclosure Quality on Price Efficiency and the Cost of Capital: Evidence from a Laboratory Market (2014)Information Asymmetry and the…Individual Characteristics and the Disposition Effect: The Opposing Effects of Confidence and Self-Regard (2014)Individual Characteristics an…Beyond a One-Size-Fits-All Mentality: An Experimental Investigation of How Narcissistic Employees Respond to Relative Performance Information (2012)Beyond a One-Size-Fits-All Me…Overconfidence and Excessive Trading Behavior: An Experimental Study (2011)Overconfidence and Excessive …Expected Mispricing: The Joint Influence of Accounting Transparency and Investor Base (2010)Expected Mispricing: The Join…The effect of investor sophistication on the influence of nonfinancial performance indicators on investors’ judgments (2009)The effect of investor sophis…Nonprofessional investors' perceptions of the efficiency and effectiveness of XBRL-enabled financial statement analysis and of firms providing XBRL-formatted information (2009)Nonprofessional investors' pe…Momentum in Residential Real Estate (2009)Momentum in Residential Real …Identification through technical analysis: A study of charting and UK non-professional investors (2008)Identification through techni…Are investors really willing to agree to disagree? An experimental investigation of how disagreement and attention to disagreement affect trading behavior (2008)Are investors really willing …The Trader Interaction Effect on the Impact of Overconfidence on Trading Performance: An Empirical Study (2007)The Trader Interaction Effect…Subjective probability: A judgment of representativeness (1972)Availability: A heuristic for judging frequency and probability (1973)On the psychology of prediction. (1973)The Framing of Decisions and the Psychology of Choice (1981)Prospect theory: An analysis of decision under risk (1988)Advances in prospect theory: Cumulative representation of uncertainty (1992)Judgment under Uncertainty: Heuristics and Biases (1974)Knowledge and Cognition (1975)Norm theory: Comparing reality to its alternatives. 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(2015)The Cross-Section of Expected Stock Returns (1992)Overconfidence, Arbitrage, and Equilibrium Asset Pricing (2001)Profitability, investment and average returns (2006)Replicating Anomalies (2018)Prospect Theory: An Analysis of Decision under Risk (1979)The theory of planned behavior (1991)A power primer. (1992)Confirmation Bias: A Ubiquitous Phenomenon in Many Guises (1998)A perspective on judgment and choice: Mapping bounded rationality. (2003)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Performance matched discretionary accrual measures (2005)The economic implications of corporate financial reporting (2005)Investor Psychology and Security Market Under‐ and Overreactions (1998)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)Gender Differences in Preferences (2009)More Than Words: Quantifying Language to Measure Firms' Fundamentals (2008)Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)The Equity Share in New Issues and Aggregate Stock Returns (2000)Sports Sentiment and Stock Returns (2007)Individual Investor Trading and Stock Returns (2008)
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References

  • 1975Judgment under Uncertainty: Heuristics and Biases22,647 cited
  • 1985Positive Accounting Theory5,837 cited
  • 1989Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium?2,314 cited
  • 1990Evidence that stock prices do not fully reflect the implications of current earnings for future earnings2,010 cited
  • 1982Calibration of probabilities: The state of the art to 19801,966 cited
  • 1992The weighing of evidence and the determinants of confidence1,842 cited
  • 1991Investor Sentiment and the Closed-End Fund Puzzle1,508 cited
  • 1991Investor Sentiment and the Closed‐End Fund Puzzle1,284 cited
  • 1998Accounting valuation, market expectation, and cross-sectional stock returns1,083 cited
  • 1977Do those who know more also know more about how much they know?1,081 cited
  • 2007Financial statement analysis1,022 cited
  • 1982Financial Reporting: An Accounting Revolution.953 cited
  • 1999What is the Intrinsic Value of the Dow?716 cited
  • 1988Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets585 cited
  • 1982Efficiency of Experimental Security Markets with Insider Information: An Application of Rational-Expectations Models

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565 cited
  • 1981Accounting and human information processing : theory and applications372 cited
  • Cited by

    • 2009Momentum in Residential Real Estate73 cited
    • 2011Overconfidence and Excessive Trading Behavior: An Experimental Study72 cited
    • 2009Nonprofessional investors' perceptions of the efficiency and effectiveness of XBRL-enabled financial statement analysis and of firms providing XBRL-formatted information70 cited
    • 2018Linguistic tone and the small trader64 cited
    • 2010Expected Mispricing: The Joint Influence of Accounting Transparency and Investor Base63 cited
    • 2014Information Asymmetry and the Ex Ante Impact of Public Disclosure Quality on Price Efficiency and the Cost of Capital: Evidence from a Laboratory Market61 cited
    • 2007The Trader Interaction Effect on the Impact of Overconfidence on Trading Performance: An Empirical Study60 cited
    • 2022Executive Confidence: A Multidisciplinary Review, Synthesis, and Agenda for Future Research58 cited
    • 2014Individual Characteristics and the Disposition Effect: The Opposing Effects of Confidence and Self-Regard51 cited
    • 2008Are investors really willing to agree to disagree? An experimental investigation of how disagreement and attention to disagreement affect trading behavior51 cited
    • 2015Earnings Metrics, Information Processing, and Price Efficiency in Laboratory Markets47 cited
    • 2017Awareness about equity investment among retail investors: a kaleidoscopic view46 cited
    • 2019Trader Participation in Disclosure: Implications of Interactions with Management46 cited
    • 2012Beyond a One-Size-Fits-All Mentality: An Experimental Investigation of How Narcissistic Employees Respond to Relative Performance Information45 cited
    • 2008Identification through technical analysis: A study of charting and UK non-professional investors43 cited
    • 2009The effect of investor sophistication on the influence of nonfinancial performance indicators on investors’ judgments40 cited