Giordani, Paolo; Söderlind, Paul - Economics Institute for Research (SIR), … - 2002
¨oderlind‡
SSE/EFI Working Paper Series in Economics and Finance No 519
August 2003
Abstract
Abel (2002) shows that pessimism and … economics
and finance. In this literature, the term “overconfidence” usually describes overly narrow confidence bands
(the … participants are professional forecast-
ers from the business and financial community, and are screened prior to inclusion in the …