Are Pension Fund Managers Overconfident?
نویسندگان
چکیده
منابع مشابه
Are Pension Fund Managers Overconfident?
Empirical studies show that people tend to be overconfident about the precision of their knowledge, leading to miscalibration. Consistent with this, we found that on overage the decision makers of Swiss pension plans provide too narrow confidence intervals when asked to estimate the past return of various assets. Their confidence intervals are also systematically too narrow in their forecast of...
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ژورنال
عنوان ژورنال: Journal of Behavioral Finance
سال: 2008
ISSN: 1542-7560,1542-7579
DOI: 10.1080/15427560802341616