The overconfident, or the more informed?

被引:3
|
作者
Gui, Hefa [2 ]
Cai, Mingchao [1 ]
Wang, Yongxiang [3 ,4 ]
机构
[1] Shanghai Jiao Tong Univ, Antai Coll Econ & Management, Shanghai 200052, Peoples R China
[2] Jiangxi Univ Finance & Econ, Sch Finance, Nanchang 330013, Peoples R China
[3] Renmin Univ China, Sch Finance, Beijing 100872, Peoples R China
[4] Renmin Univ China, FSI, Beijing 100872, Peoples R China
关键词
MARKET; PSYCHOLOGY; NOISE;
D O I
10.1080/13504850601018429
中图分类号
F [经济];
学科分类号
02 ;
摘要
We discuss some problems with the modelling methods in the overconfidence literature. We argue that overconfidence models should be well constructed such that overconfident investors in the behavioural model could be distinguished clearly from the more informed investors in the rational asset-pricing model.
引用
收藏
页码:315 / 318
页数:4
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