Advanced Search
MyIDEAS: Login

Momentum in Emerging Markets: Investigation of Overconfidence and Cognitive Bias Factors

Contents:

Author Info

  • Hamadi Matoussi

    ()
    (University of Manouba, Tunisia)

  • Faten Zoghlami

Abstract

The purpose of this paper is to check if investors in emerging markets, especially in the Tunisian stock market, have the same psychological biases as those documented in developed markets. To achieve this purpose we adopt a survey approach that uses the investigation technique through the development and distribution of a questionnaire describing some scenarios related to behavioral biases - either suggested by theory or extracted from reality- that are suspected to generate the momentum phenomenon. Our major findings are: the Tunisian investor seems to be prudent, non confident, over opportunistic, sensitive to rumors and conservative. These psychological biases were confirmed either by examining the correlation between variables or by the aggregation of all these variables in factorial axes.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.erf.org.eg/CMS/getFile.php?id=1067
Our checks indicate that this address may not be valid because: 500 Can't connect to www.erf.org.eg:80 (connect: timeout). If this is indeed the case, please notify (Namees Nabeel)
Download Restriction: no

File URL: http://www.erf.org.eg/cms.php?id=NEW_publication_details_working_papers&publication_id=853
Our checks indicate that this address may not be valid because: 500 Can't connect to www.erf.org.eg:80 (connect: timeout). If this is indeed the case, please notify (Namees Nabeel)
Download Restriction: no

Bibliographic Info

Paper provided by Economic Research Forum in its series Working Papers with number 0717.

as in new window
Length: 32 pages
Date of creation: Dec 2007
Date of revision: Dec 2007
Publication status: Published by The Economic Research Forum (ERF)
Handle: RePEc:erg:wpaper:0717

Contact details of provider:
Postal: 7 Boulos Hanna Street, Dokki, Cairo
Phone: 202-3370810
Fax: 202-3616042
Email:
Web page: http://www.erf.org.eg
More information through EDIRC

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:erg:wpaper:0717. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Namees Nabeel).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.