Emergence of Overconfidence Investors in Financial Markets
نویسندگان
چکیده
This research utilizes the Agent-Based Model to clarify microscopic and macroscopic links between investor behavior and price fluctuations in the financial market. This analysis places focus on the role that investors’ overconfidence plays in the financial market. As a result of this analysis, it has been found that overconfident investors are generated in a bottomup fashion in the market.
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Overconfident Investors, Predictable Returns, and Excessive Trading
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