We propose a theory based on investor overconfidence and biased self-attribution to explain
several of the securities returns patterns that seem anomalous from the perspective of …

We propose a theory of securities market under‐and overreactions based on two well‐
known psychological biases: investor overconfidence about the precision of private …

Recently, several behavioral finance models based on the overconfidence hypothesis have
been proposed to explain anomalous findings, including a short-term continuation …

Recent empirical research in finance has uncovered two families of pervasive regularities:
underreaction of stock prices to news such as earnings announcements, and overreaction of …

Using detailed survey data of 384 Indian investors, the study examines whether self-
attribution bias and overconfidence bias exist in Indian stock market and also whether …

Probably no subject in recent financial literature has generated more controversy than
whether investors behave rationally in pricing stocks, or whether they overreact to market …

Research in experimental psychology suggests that, in violation of Bayes' rule, most people
tend to “overreact” to unexpected and dramatic news events. This study of market efficiency …

The basic paradigm of asset pricing is in vibrant flux. The purely rational approach is being
subsumed by a broader approach based upon the psychology of investors. In this approach …

Purpose The purpose of the paper is to empirically test the overconfidence hypothesis at
Bombay Stock Exchange (BSE). Design/methodology/approach The study applies bivariate …

Interest in market overreactions dates back at least as far as the tulip bulb craze of the
1630s.'In 1929, Pigou wrote of the links between businessmen, which" act as conducting …