A new measurement method of investor overconfidence |
| |
| Authors: | Ronald HuismanNico L. van der Sar Remco C.J. Zwinkels |
| |
| Affiliation: | Erasmus School of Economics, Erasmus University Rotterdam, The Netherlands |
| |
| Abstract: | 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: | D1 G1 G2 |
| 本文献已被 ScienceDirect 等数据库收录！ |
