dem IWF in diesen Szenarien zur Verfügung stehen, orientieren sich dabei an den in der Theorie zur Finanzintermediation …, especially in contract theory. After thoroughly summarizing the potential information asymmetries and negative incentives between …

This doctoral thesis investigates the influence of overconfidence on the outcomes in experimental asset markets, both … that is later used in economic experiments to measure subjects’ overconfidence. The second part investigates the role of … market overconfidence in the occurrence of bubbles in asset prices and the emergence of other stylized facts of financial …

' future expectations: (1) forecasts of future price, and (2) subjective confidence of future stock price, which includes 50 …%, 70% and 90% confidence intervals. Past volatility has a weak effect on future forecasts that are sensitive to minor …' confidence and improves forecast accuracy. The calibration of the confidence intervals was not affected by the stocks' volatility …

Persönlichkeitsmerkmale Overconfidence und Optimismus von Führungskräften auf ihre Kapitalstrukturentscheidungen wird empirisch untersucht …). Demnach wählen Manager mit Overconfidence und Optimismus höhere Fremdkapitalquoten und kürzere Fristigkeiten. Sie beschränken … bestätigen den Einfluss von Overconfidence von Finanzvorständen auf ihre Kapitalstrukturentscheidungen. Die Overconfidence des …

-causes volatility without feedback. These results are broadly consistent with behavioral models like the overconfidence and biased self …