http://hdl.handle.net/1765/37184
http://dx.doi.org/10.1016/j.econlet.2011.09.022
scopus: 80054716562
http://dx.doi.org/10.1016/j.econlet.2011.09.022
scopus: 80054716562
A new measurement method of investor overconfidence
January 2012
Article
volume 114, issue 1 pp 69-71.
Repository contains one file which is not publicly available
We present an alternative measurement method of investor overconfidence, using unique survey data on stock market predictions of investors. We apply the Parkinson estimate based on extreme bounds around the stock forecast to deduce investor confidence. The results support overconfidence.
Keywords
