Overconfidence Bias and Its Manifestation on Financial Markets
Publication year - 2021
Publication title -
economic and social alternatives
Language(s) - English
Resource type - Journals
eISSN - 2534-8965
pISSN - 1314-6556
DOI - 10.37075/isa.2021.1.11
Subject(s) - overconfidence effect , bulgarian , financial market , stock market , stock exchange , economics , business , finance , financial economics , psychology , social psychology , paleontology , linguistics , philosophy , horse , biology
The article examines overconfidence bias in terms of behavioral finance and specifically its manifestation and impact on financial market participants. The article uses data and research on the behavior and manifestation of the propensity for overconfidence of Bulgarian consumers of financial services and financial market participants. We will also present an original study of a database of trading on the Bulgarian Stock Exchange JSC in terms of comparing the frequency of trading between Bulgarians and Americans and in terms of differences in the frequency of trading (overtrading) between men and women.
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