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Illusion of expertise in portfolio decisions: an experimental approach Author info | Abstract | Publisher info | Download info | Related research | Statistics Fellner, Gerlinde
Guth, Werner
Maciejovsky, Boris
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Article provided by Elsevier in its journal Journal of Economic Behavior & Organization .
Volume (Year): 55 (2004)
Issue (Month): 3 (November)
Pages: 355-376
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Handle: RePEc:eee:jeborg:v:55:y:2004:i:3:p:355-376Contact details of provider: Web page: http://www.elsevier.com/locate/jebo
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Paper Gerlinde Fellner & Werner Güth & Boris Maciejovsky, 2001.
"Illusion of Expertise in Portfolio Decisions - An Experimental Approach - ,"
Papers on Strategic Interaction
2001-02, Max Planck Institute of Economics, Strategic Interaction Group.
[Downloadable!] Fellner, Gerlinde & Gueth, Werner & Maciejovsky, Boris, 2001.
"Illusion of Expertise in Portfolio Decisions -- An Experimental Approach ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!] References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.: Dittrich, Dennis & Gueth, Werner & Maciejovsky, Boris, 2001.
"Overconfidence in Investment Decisions: An Experimental Approach ,"
CESifo Working Paper Series
CESifo Working Paper No. , CESifo Group Munich.
[Downloadable!]
Other versions:
Dennis Dittrich & Werner Güth & Boris Maciejovsky, .
"Overconfidence in Investment Decisions: An Experimental Approach ,"
Papers on Strategic Interaction
2001-03, Max Planck Institute of Economics, Strategic Interaction Group.
[Downloadable!] Dennis Dittrich & Werner Güth & Boris Maciejovsky, 2005.
"Overconfidence in investment decisions: An experimental approach ,"
European Journal of Finance ,
Taylor and Francis Journals, vol. 11(6), pages 471-491, December.
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American Economic Review ,
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Journal of Finance ,
American Finance Association, vol. 53(6), pages 1887-1934, December.
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Shlomo Benartzi & Richard H. Thaler, 2002.
"How Much Is Investor Autonomy Worth? ,"
Journal of Finance ,
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Kahneman, Daniel & Knetsch, Jack L & Thaler, Richard H, 1990.
"Experimental Tests of the Endowment Effect and the Coase Theorem ,"
Journal of Political Economy ,
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Kahneman, Daniel & Knetsch, Jack L & Thaler, Richard H, 1991.
"The Endowment Effect, Loss Aversion, and Status Quo Bias: Anomalies ,"
Journal of Economic Perspectives ,
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Kirchler, Erich & Maciejovsky, Boris, 2002.
" Simultaneous Over- and Underconfidence: Evidence from Experimental Asset Markets ,"
Journal of Risk and Uncertainty ,
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Gervais, Simon & Odean, Terrance, 2001.
"Learning to be Overconfident ,"
Review of Financial Studies ,
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Other versions: Knetsch, Jack L & Sinden, J A, 1984.
"Willingness to Pay and Compensation Demanded: Experimental Evidence of an Unexpected Disparity in Measures of Value ,"
The Quarterly Journal of Economics ,
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Peter Ockenfels & Rosemarie Nagel & Frank Heinemann, 2002.
"Speculative Attacks and Financial Architecture: Experimental Analysis of Coordination Games with Public and Private Information ,"
FMG Discussion Papers
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David Hirshleifer, 2001.
"Investor Psychology and Asset Pricing ,"
Journal of Finance ,
American Finance Association, vol. 56(4), pages 1533-1597, 08.
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Other versions: Andrew Metrick, 1999.
"Performance Evaluation with Transactions Data: The Stock Selection of Investment Newsletters ,"
Journal of Finance ,
American Finance Association, vol. 54(5), pages 1743-1775, October.
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Other versions: Selten, Reinhard & Abdolkarim Sadrieh & Klaus Abbink, 1995.
"Money does Not Induce Risk Neutral Behavior, but Binary Lotteries Do even Worse ,"
Discussion Paper Serie B
343, University of Bonn, Germany.
Terrance Odean, 1998.
"Volume, Volatility, Price and Profit When All Traders Are Above Average ,"
Finance
9803001, EconWPA.
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Kent Daniel & David Hirshleifer & Avanidhar Subrahmanyam, 1998.
"Investor Psychology and Security Market Under- and Overreactions ,"
Journal of Finance ,
American Finance Association, vol. 53(6), pages 1839-1885, December.
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Berg, Joyce E, et al, 1986.
"Controlling Preferences for Lotteries on Units of Experimental Exchange ,"
The Quarterly Journal of Economics ,
MIT Press, vol. 101(2), pages 281-306, May.
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Womack, Kent L, 1996.
" Do Brokerage Analysts' Recommendations Have Investment Value? ,"
Journal of Finance ,
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Hoffman, Elizabeth & Spitzer, Matthew L., 1990.
"The Divergence Between Willingness-To-Pay and Willingness-To-Accept Measures of Value ,"
Working Papers
755, California Institute of Technology, Division of the Humanities and Social Sciences.
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Harrison, Glenn W, 1992.
"Theory and Misbehavior of First-Price Auctions: Reply ,"
American Economic Review ,
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Kirchler, Erich & Maciejovsky, Boris & Weber, Martin, 0000.
"Framing Effects on Asset Markets - An Experimental Analysis - ,"
Sonderforschungsbereich 504 Publications
01-09, Sonderforschungsbereich 504, Universität Mannheim & Sonderforschungsbereich 504, University of Mannheim.
Terrance Odean, 1999.
"Do Investors Trade Too Much? ,"
American Economic Review ,
American Economic Association, vol. 89(5), pages 1279-1298, December.
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Samuelson, William & Zeckhauser, Richard, 1988.
" Status Quo Bias in Decision Making ,"
Journal of Risk and Uncertainty ,
Springer, vol. 1(1), pages 7-59, March.
Benos, Alexandros V., 1998.
"Aggressiveness and survival of overconfident traders ,"
Journal of Financial Markets ,
Elsevier, vol. 1(3-4), pages 353-383, September.
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Brad M. Barber & Terrance Odean, 2001.
"The Internet and the Investor ,"
Journal of Economic Perspectives ,
American Economic Association, vol. 15(1), pages 41-54, Winter.
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Frank Caliendo & Kevin X.D. Huang, 2007.
"Overconfidence and Consumption over the Life Cycle ,"
Working Papers
0712, Department of Economics, Vanderbilt University.
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Adam S. Goodie & Diana L. Young, 2007.
"The skill element in decision making under uncertainty: Control or competence? ,"
Judgment and Decision Making ,
Society for Judgment and Decision Making, vol. 2, pages 189-203, June.
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Marion Eberlein & Judith Przemeck, 2008.
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