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Information, overconfidence and trading: Do the sources of information matter?

  • Abreu, Margarida
  • Mendes, Victor

We investigate how the strength of the positive association between frequency of trading and information acquisition is dependent on the sources of information used by investors and on investors’ overconfidence. We add to the existing literature by investigating if the positive relationship between investment in information and intensity of trading in financial assets is sensitive to the sources of information used by investors, and if this influence is different for overconfident and non-overconfident investors.

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Article provided by Elsevier in its journal Journal of Economic Psychology.

Volume (Year): 33 (2012)
Issue (Month): 4 ()
Pages: 868-881

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Handle: RePEc:eee:joepsy:v:33:y:2012:i:4:p:868-881
Contact details of provider: Web page: http://www.elsevier.com/locate/joep

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