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 …
WI Chuang, BS Lee - Journal of Banking & Finance, 2006 - Elsevier
Recently, several behavioral finance models based on the overconfidence hypothesis have been proposed to explain anomalous findings, including a short-term continuation …
VNC Mushinada - Journal of Behavioral and Experimental Finance, 2020 - Elsevier
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 …
We review extensive evidence about how psychological biases affect investor behavior and prices. Systematic mispricing probably causes substantial resource misallocation. We argue …
We propose a theoretically motivated factor model based on investor psychology and assess its ability to explain the cross-section of US equity returns. Our factor model …
D Hirshleifer - The journal of Finance, 2001 - Wiley Online Library
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 …
N Barberis, A Shleifer, R Vishny - Journal of financial economics, 1998 - Elsevier
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 …
P Kadiyala, PR Rau - The Journal of Business, 2004 - JSTOR
Two conflicting behavioral models, underreaction and overreaction, have been proposed to explain long‐run abnormal returns following a variety of corporate events. We test …
S Hon-Snir, A Kudryavtsev… - International Journal of …, 2012 - pdfs.semanticscholar.org
Contemporary research documents various psychological aspects of economic and financial thought and decision-making. The main goal of our study is to analyze the effects of five well …