Showing 1 - 10 of 36
This paper presents an online-experiment on overconfidence in the context of financial markets. Our subject pool consists of institutional investors, investment advisors and individual investors, all of them being registered users of a large online platform for market sentiment data. Due to...
Persistent link: https://www.econbiz.de/10003950292
Persistent link: https://www.econbiz.de/10009726207
Persistent link: https://www.econbiz.de/10008772911
Existing empirical evidence is inconclusive on whether professional investors show sophisticated behavior or not, a question which is at the heart of market efficiency. This ambiguous evidence is mostly based on trading data or laboratory evidence, which each has its limitations. We complement...
Persistent link: https://www.econbiz.de/10003711667
Persistent link: https://www.econbiz.de/10001338172
Persistent link: https://www.econbiz.de/10008858858
The use of technical analysis by financial market professionals is not well understood. This paper thus analyzes survey evidence from 692 fund managers in five countries, the vast majority of whom rely on technical analysis. At a forecasting horizon of weeks, technical analysis is the most...
Persistent link: https://www.econbiz.de/10003961008
Persistent link: https://www.econbiz.de/10001745422
Persistent link: https://www.econbiz.de/10001745431
Persistent link: https://www.econbiz.de/10002689360