- , 1989, Differences of opinion in financial markets, in Courtenay C. Stone, ed.: Financial Risk: Theory, Evidence, and Implications . pp. 3–37 (Kluwer).
Paper not yet in RePEc: Add citation now
- , 1989, Informed speculation with imperfect competition, Review of Economic Studies 56, 317–356.
Paper not yet in RePEc: Add citation now
- , 1998b, Volume, volatility, price, and profit when all traders are above average, Journal of Finance 53, 1887–1934.
Paper not yet in RePEc: Add citation now
- , 1999, Do investors trade too much?, American Economic Review 89, 1279–1298.
Paper not yet in RePEc: Add citation now
- , 2000, Individual differences in reasoning: Implications for the rationality debate, Behavioral and Brain Sciences 23, 645–726.
Paper not yet in RePEc: Add citation now
- , 2001, Overconfidence, arbitrage, and equilibrium asset pricing, Journal of Finance 56, 921–965.
Paper not yet in RePEc: Add citation now
- , 2001, Overconfidence, investor sentiment, and evolution, Journal of Financial Intermediation 10, 138–170.
Paper not yet in RePEc: Add citation now
- , 2002, Online investors: Do the slow die first?, Review of Financial Studies 15, 455–487.
Paper not yet in RePEc: Add citation now
, and F. Albert Wang, 1997, Speculation duopoly with agreement to disagree: Can overconfidence survive the market test?, Journal of Finance 52, 2073–2090.
, and Guo Ying Luo, 2001, On the survival of overconfident traders in a competitive securities market, Journal of Financial Markets 4, 73–84.
Anderhub, Vital, Rudolf M uller, and Carsten Schmidt, 2001, Design and evaluation of an economic experiment via the internet, Journal of Economic Behavior and Organization 46, 227–247.
- Atkinson, A.C., 1985, Plots, Transformations, and Regression (Clarendon Press).
Paper not yet in RePEc: Add citation now
Barber, Brad M., and Terrance Odean, 2001, Boys will be boys: Gender, overconfidence, and common stock investment, Quarterly Journal of Economics 116, 261–292.
Barberis, Nicholas, and Richard Thaler, 2002, A survey of behavioral finance, Working paper.
Benos, Alexandros V., 1998, Aggressiveness and survival of overconfident traders, Journal of Financial Markets 1, 353–383.
Biais, Bruno, Denis Hilton, Karine Mazurier, and S ebastien Pouget, 2002, Psychological traits and trading strategies, CEPR Working paper No. 3195.
Brunnermeier, Markus K., 2001, Asset Pricing under Asymmetric Information: Bubbles, Crashes, Technical Analysis, and Herding (Oxford University Press).
- Caball e, Jordi, and J ozsef S akovics, 2003, Speculating against an overconfident market, Journal of Financial Markets 6, 199–225.
Paper not yet in RePEc: Add citation now
Daniel, Kent, David Hirshleifer, and Avanidhar Subrahmanyam, 1998, Investor psychology and security market under- and overreactions, Journal of Finance 53, 1839–1885.
Davidson, Russell, and James G. MacKinnon, 1993, Estimation and Inference in Econometrics (Oxford University Press).
- DeBondt, Werner F.M., and Richard H. Thaler, 1995, Financial decision making in markets and firms: A behavioral perspective, in R. A. Jarrow, V. Maksimovic, and W. T. Ziemba, ed.: Handbooks in Operations Research and Management Science, Volume 9, Finance . pp. 385–410 (Elsevier).
Paper not yet in RePEc: Add citation now
Diamond, Douglas W., and Robert E. Verrecchia, 1981, Information aggregation in a noisy rational expectations economy, Journal of Financial Economics 9, 221–235.
Diether, Karl B., Christopher J. Malloy, and Anna Scherbina, 2002, Differences of opinion and the cross section of stock returns, Journal of Finance 57, 2113–2141.
Dow, James, and Gary Gorton, 1997, Noise trading, delegated portfolio management, and economic welfare, Journal of Political Economy 105, 1024–1050.
- Erev, I., T.S. Wallsten, and D.V Budescu, 1994, Simultaneous over- and underconfidence: The role of error in judgment processes, Psychological Review 101, 519–528.
Paper not yet in RePEc: Add citation now
Fama, Eugene F., 1998, Market efficiency, long-term returns, and behavioral finance, Journal of Financial Economics 49, 283–306.
- Fenton-O’Creevy, Mark, Nigel Nicholson, Emma Soane, and Paul Willman, 2000, Trading on illusions: unrealistic perceptions of control, and trading performance, Working paper, Open University Business School.
Paper not yet in RePEc: Add citation now
Gervais, Simon, and Terrance Odean, 2001, Learning to be overconfident, Review of Financial Studies 14, 1–27.
- Gigerenzer, Gerd, Ulrich Hoffrage, and Heinz Kleinb olting, 1991, Probabilistic mental models: A brunswikian theory of confidence, Psychological Review 98, 506–528.
Paper not yet in RePEc: Add citation now
Glaser, Markus, 2003, Online broker investors in germany: Demographic information, investment strategy, trading behavior, and portfolio positions, Working paper, University of Mannheim.
Graham, John R., and Campbell R. Harvey, 2001, Expectations of equity risk premia, volatility, and asymmetry from a corporate finance perspective, NBER Working paper 8678.
Grossman, Sanford J., and Joseph E. Stiglitz, 1980, On the impossibility of informationally efficient markets, American Economic Review 70, 393–408.
- Grossman, Sanford, 1976, On the efficiency of competitive stock markets where traders have diverse information, Journal of Finance 31, 573–585.
Paper not yet in RePEc: Add citation now
Harris, Milton, and Artur Raviv, 1993, Differences of opinion make a horse race, Review of Financial Studies 6, 473–506.
Hellwig, Martin F., 1980, On the aggregation of information in competitive markets, Journal of Economic Theory 22, 477–498.
- Hilton, Denis J., 2001, The psychology of financial decision-making: Applications to trading, dealing, and investment analysis, Journal of Psychology and Financial Markets 2, 37–53.
Paper not yet in RePEc: Add citation now
Hirshleifer, David, 2001, Investor psychology and asset pricing, Journal of Finance 56, 1533–1597.
Hong, Harrison, and Jeremy C. Stein, 2003, Differences of opinion, short-sales constraints and market crashes, Review of Financial Studies forthcoming.
Hvide, Hans K., 2002, Pragmatic beliefs and overconfidence, Journal of Economic Behavior and Organization 48, 15–28.
- Juslin, Peter, Anders Winman, and Henrik Olson, 2000, Naive empiricism and dogmatism in confidence research: A critical examination of the hard-easy effect, Psychological Review 107, 384–396.
Paper not yet in RePEc: Add citation now
Kahneman, Daniel, and Amos Tversky, 1979, Prospect theory: An analysis of decision under risk, Econometrica 47, 263–292.
Kandel, Eugene, and Neil D. Pearson, 1995, Differential interpretation of public signals and trade in speculative markets, Journal of Political Economy 103, 831–872.
- Kim, Kenneth A., and John R. Nofsinger, 2002, The behavior and performance of individual investors in japan, Working paper.
Paper not yet in RePEc: Add citation now
Kirchler, Erich, and Boris Maciejovsky, 2002, Simultaneous over- and underconfidence: Evidence from experimental asset markets, Journal of Risk and Uncertainty 25, 65–85.
Klayman, Joshua, Jack B. Soll, Claudia Gonz ales-Vallejo, and Sema Barlas, 1999, Overconfidence: It depends on how, what, and whom you ask, Organizational Behavior and Human Decision Processes 79, 216–247.
Kyle, Albert S., 1985, Continuous auctions and insider trading, Econometrica 53, 1315– 1336.
- Langer, Ellen J., 1975, The illusion of control, Journal of Personality and Social Psychology 32, 311–328.
Paper not yet in RePEc: Add citation now
- Lichtenstein, Sarah, Baruch Fischhoff, and Lawrence D. Phillips, 1982, Calibration of probabilities: The state of the art to 1980, in Daniel Kahneman, Paul Slovic, and Amos Tversky, ed.: Judgment under uncertainty: Heuristics and Biases . pp. 306–334 (Cambridge University Press).
Paper not yet in RePEc: Add citation now
Milgrom, Paul, and Nancy Stokey, 1982, Information, trade and common knowledge, Journal of Economic Theory 26, 17–27.
Morris, Stephen, 1995, The common prior assumption in economic theory, Economics and Philosophy 11, 227–253.
- Odean, Terrance, 1998a, Are investors reluctant to realize their losses?, Journal of Finance 53, 1775–1798.
Paper not yet in RePEc: Add citation now
- Pagano, Marco, and Alisa R oell, 1992, Trading volume, in Peter Newman, John Eatwell, and Murray Milgate, ed.: The New Palgrave Dictionary of Money and Finance . pp. 679–683 (Macmillan).
Paper not yet in RePEc: Add citation now
- Parker, Andrew M., and Baruch Fischhoff, 2000, An individual difference measure of decision making competence, Working paper, Carnegie Mellon University.
Paper not yet in RePEc: Add citation now
- Presson, Paul K., and Victor A. Benassi, 1996, Illusion of control: A meta-analytic review, Journal of Social Behavior and Personality 11, 493–510.
Paper not yet in RePEc: Add citation now
Shefrin, Hersh, and Meir Statman, 1985, The disposition to sell winners too early and ride losers too long: Theory and evidence, Journal of Finance 40, 777–790.
Shiller, Robert J., 1999, Human behavior and the efficiency of the financial system, in J.B. Taylor, and M. Woodford, ed.: Handbook of Macroeconomics . pp. 1305–1340 (Elsevier Science).
Shleifer, Andrei, and Lawrence H. Summers, 1990, The noise trader approach in finance, Journal of Economic Perspectives 4, 19–33.
- Siebenmorgen, Niklas, and Martin Weber, 2001, The influence of different investment horizons on risk behavior, Working paper, University of Mannheim.
Paper not yet in RePEc: Add citation now
Spanos, Aris, 1986, Statistical foundations of econometric modelling (Cambridge University Press).
- Stanovich, Keith E., and Richard F. West, 1998, Individual differences in rational thought, Journal of Experimental Psychology 127, 161–188.
Paper not yet in RePEc: Add citation now
- Statman, Meir, Steven Thorley, and Keith Vorkink, 2003, Investor overconfidence and trading volume, Working paper.
Paper not yet in RePEc: Add citation now
- Svenson, Ola, 1981, Are we all less risky and more skillful than our fellow drivers?, Acta Psychologica 47, 143–148.
Paper not yet in RePEc: Add citation now
- Taylor, Shelley S., and Jonathan D. Brown, 1988, Illusion and well being: A social psychology perspective on mental health, Psychological Bulletin 103, 193–210.
Paper not yet in RePEc: Add citation now
- van der Steen, Eric J., 2001, Essays on the managerial implications of differing priors, Ph.D. Thesis, Graduate School of Business, Stanford University.
Paper not yet in RePEc: Add citation now
Varian, Hal R., 1985, Divergence of opinion in complete markets: A note, Journal of Finance 40, 309–317.
Wang, F. Albert, 1998, Strategic trading, asymmetric information and heterogeneous prior beliefs, Journal of Financial Markets 1, 321–352.
Weber, Martin, and Colin Camerer, 1998, The disposition effect in securities trading: Experimental evidence, Journal of Economic Behavior and Organization 33, 167–184.
- Weinstein, Neil D., 1980, Unrealistic optimism about future life events, Journal of Personality and Social Psychology 39, 806–820.
Paper not yet in RePEc: Add citation now