Overconfidence in Fınance wıth Different Domains: An Interdisciplinary Experimental Approach
Behavioral and experimental finance literature has grown by leaps and bounds in recent years. However, much work remains to be done in the field. In detecting behavioral biases and their effects on decision making process, experiments are very advantageous in that it is possible to obtain valuable f...
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| Format: | Article |
| Language: | English |
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Sivas Cumhuriyet Üniversitesi
2014-04-01
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| Series: | Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi |
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| Online Access: | https://dergipark.org.tr/tr/download/article-file/48527 |
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| _version_ | 1832570717418291200 |
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| author | Özlem Yılmaz Serkan Şahin |
| author_facet | Özlem Yılmaz Serkan Şahin |
| author_sort | Özlem Yılmaz |
| collection | DOAJ |
| description | Behavioral and experimental finance literature has grown by leaps and bounds in recent years. However, much work remains to be done in the field. In detecting behavioral biases and their effects on decision making process, experiments are very advantageous in that it is possible to obtain valuable findings about the biases of individuals in controlled laboratory settings. The purpose of this study is to search for the overconfidence bias of UK subjects and investigate whether overconfidence is domain specific. Results indicate that people are generally overconfident. Most of them see themselves above average and overestimate precision of their knowledge. In addition, it is found that individuals are less overconfident in the domain of finance. |
| format | Article |
| id | doaj-art-940a6d18d6724e8799094a0b4200cf05 |
| institution | Kabale University |
| issn | 1303-1279 |
| language | English |
| publishDate | 2014-04-01 |
| publisher | Sivas Cumhuriyet Üniversitesi |
| record_format | Article |
| series | Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi |
| spelling | doaj-art-940a6d18d6724e8799094a0b4200cf052025-02-02T14:32:20ZengSivas Cumhuriyet ÜniversitesiCumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi1303-12792014-04-011512532682057Overconfidence in Fınance wıth Different Domains: An Interdisciplinary Experimental ApproachÖzlem YılmazSerkan ŞahinBehavioral and experimental finance literature has grown by leaps and bounds in recent years. However, much work remains to be done in the field. In detecting behavioral biases and their effects on decision making process, experiments are very advantageous in that it is possible to obtain valuable findings about the biases of individuals in controlled laboratory settings. The purpose of this study is to search for the overconfidence bias of UK subjects and investigate whether overconfidence is domain specific. Results indicate that people are generally overconfident. Most of them see themselves above average and overestimate precision of their knowledge. In addition, it is found that individuals are less overconfident in the domain of finance.https://dergipark.org.tr/tr/download/article-file/48527behavioral financeexperimental finance and overconfidencedavranışsal finansdeneysel finans ve aşırı özgüven algı sapması |
| spellingShingle | Özlem Yılmaz Serkan Şahin Overconfidence in Fınance wıth Different Domains: An Interdisciplinary Experimental Approach Cumhuriyet Üniversitesi İktisadi ve İdari Bilimler Dergisi behavioral finance experimental finance and overconfidence davranışsal finans deneysel finans ve aşırı özgüven algı sapması |
| title | Overconfidence in Fınance wıth Different Domains: An Interdisciplinary Experimental Approach |
| title_full | Overconfidence in Fınance wıth Different Domains: An Interdisciplinary Experimental Approach |
| title_fullStr | Overconfidence in Fınance wıth Different Domains: An Interdisciplinary Experimental Approach |
| title_full_unstemmed | Overconfidence in Fınance wıth Different Domains: An Interdisciplinary Experimental Approach |
| title_short | Overconfidence in Fınance wıth Different Domains: An Interdisciplinary Experimental Approach |
| title_sort | overconfidence in finance with different domains an interdisciplinary experimental approach |
| topic | behavioral finance experimental finance and overconfidence davranışsal finans deneysel finans ve aşırı özgüven algı sapması |
| url | https://dergipark.org.tr/tr/download/article-file/48527 |
| work_keys_str_mv | AT ozlemyılmaz overconfidenceinfınancewıthdifferentdomainsaninterdisciplinaryexperimentalapproach AT serkansahin overconfidenceinfınancewıthdifferentdomainsaninterdisciplinaryexperimentalapproach |