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Overconfidence in Psychology and Finance – an Interdisciplinary Literature Review

Skala, Dorota - 2008

overconfidence phenomenon. Overconfidence is presented as a well-developed psychological theory, with main facets comprising … miscalibration, betterthan- average effect, illusion of control and unrealistic optimism. The primary applications of overconfidence … studies, formal models and analyses of market data demonstrate that overconfidence at least partially solves some financial …

Persistent link: https://www.econbiz.de/10015224076

"White men can't jump," but would you bet on it?

Igan, Deniz; Pinheiro, Marcelo; Smith, John - 2011

We identify an otherwise efficient market in which racial stereotypes affect market outcomes. In this market, there are well-defined prices, well-defined outcomes, a finite time horizon, and readily available information. The market appears to efficiently process the available information, with...

Persistent link: https://www.econbiz.de/10015227310

Racial biases and market outcomes: "White men can't jump," but would you bet on it?

Igan, Deniz; Pinheiro, Marcelo; Smith, John - 2012

We identify an otherwise efficient market in which racial biases affect market outcomes. In particular, we examine data on point spreads for NBA games over the 15 seasons from 1993-94 to 2007-08. We find evidence that a more black team tends to face a larger point spread and that these teams...

Persistent link: https://www.econbiz.de/10015230169

Using sentiment to predict GDP growth and stock returns

Guzman, Giselle C. - 2008

This study sheds new light on the question of whether or not sentiment surveys, and the expectations derived from them, are relevant to forecasting economic growth and stock returns, and whether they contain information that is orthogonal to macroeconomic and financial data. I examine 16...

Persistent link: https://www.econbiz.de/10015230542

An inflation expectations horserace

Guzman, Giselle C. - 2010

For decades, the academic literature has focused on three survey measures of expected inflation: the Livingston Survey, the Survey of Professional Forecasters, and the Michigan Survey. While these measures have been useful in developing models of forecasting inflation, the data are low frequency...

Persistent link: https://www.econbiz.de/10015230546

Using sentiment surveys to predict GDP growth and stock returns

Guzman, Giselle C. - 2008

Persistent link: https://www.econbiz.de/10015230635

The case for higher frequency inflation expectations

Guzman, Giselle C. - 2011

I present evidence that higher frequency measures of inflation expectations outperform lower frequency measures of inflation expectations in tests of accuracy, predictive power, and rationality. For decades, the academic literature has focused on three survey measures of expected inflation: the...

Persistent link: https://www.econbiz.de/10015230637

Racial biases and market outcomes: "White men can't jump," but would you bet on it?

Igan, Deniz; Pinheiro, Marcelo; Smith, John - 2012

We identify an otherwise efficient market in which racial biases affect market outcomes. In particular, we examine data on point spreads for NBA games over the 15 seasons from 1993-94 to 2007-08. We find evidence that teams with more black players tend to face a larger point spread and that...

Persistent link: https://www.econbiz.de/10015233071

Racial biases and market outcomes: "White men can't jump," but would you bet on it?

Igan, Deniz; Pinheiro, Marcelo; Smith, John - 2014

We identify a largely efficient market in which racial biases affect market outcomes. Examining data on NBA games, we show that teams with more black players tend to face larger point spreads and that these teams perform worse against the spread. These biased outcomes are significantly large and...

Persistent link: https://www.econbiz.de/10015244514

Bank profitability determinants in Africa: A review of literature

Ozili, Peterson K - 2024

The study presents a review of existing research on bank profitability determinants in Africa. Using the literature review methodology, it was found that bank profitability determinants differ across countries in all regions of Africa. Some suggested areas for future research are to explore the...

Persistent link: https://www.econbiz.de/10015213390