Overconfidence and Perceived Signal Dependency
نویسنده
چکیده
Perceived dependencies lead to time series profiles of prices in markets characterised by overconfident investors that manifest the empirically documented overreaction, momentum and mean reversion effects within a unified and robust modelling structure. Confirmatory bias is demonstrated to induce such perceived signal dependencies.
منابع مشابه
Overconfidence, Perceived Signal Dependency and Momentum
Perceived signal dependencies can be induced by behavioural biases such as clustering illusion, ambiguity aversion or confirmatory bias. The resultant dependencies will lead to time series profiles of prices in markets characterised by overconfident investors that manifest the empirically documented overreaction, momentum and mean reversion effects within a simple and robust modelling structure...
متن کاملInvestigating Structural Relations Model of Cyber-Aggression Based on Perceived Stress with the Mediating Role of Virtual Networks Dependency in Students of Mohaghegh Ardabili University in 2019: A Descriptive Study
Background and Objectives: The use of virtual networks has become a natural modern behavior, but the traumatic forms of their use have also received much attention in the last two decades. This study aimed at modelling structural relations of cyber-aggression based on perceived stress with the mediating role of virtual networks dependency in students of Mohaghegh Ardabili University in 2019. M...
متن کاملThe Role of Overconfidence in Romantic Desirability and Competition.
Four studies and a computer simulation tested the hypothesis that people who are overconfident in their self-assessments may be more successful in attracting mates. In Study 1, overconfident people were perceived as more confident in their dating profiles, and this perceived confidence predicted increased romantic desirability. Study 2 revealed that overconfident people also tend to be perceive...
متن کاملMotorcycle Rider Training and Perceptions of Skill
It has been argued that driver training can inadvertently result in novice driver overconfidence which may be counterproductive to the safety goals of training. A similar concern can be expressed in regard to novice motorcycle rider training. Overconfidence is posited to generate from trainees’ overestimation of their own skill levels following training, potentially contributing to risk taking ...
متن کاملHeritability of Overconfidence
Empirical evidence suggests that people on average overestimate their own ability in a variety of circumstances. Little is known, however, about the origins of such overconfidence. To shed some light on this issue, we use the classic twin design to estimate the genetic and environmental contributions to individual differences in overconfidence. We collect data on overconfidence among 460 twin p...
متن کامل