دانلود مقاله ISI انگلیسی شماره 74249
ترجمه فارسی عنوان مقاله

ابهام در مقابل خطر: یک مطالعه تجربی از اعتماد به نفس کاذب، جنسیت و فعالیت های تجاری

عنوان انگلیسی
Ambiguity vs risk: An experimental study of overconfidence, gender and trading activity
کد مقاله سال انتشار تعداد صفحات مقاله انگلیسی
74249 2016 7 صفحه PDF
منبع

Publisher : Elsevier - Science Direct (الزویر - ساینس دایرکت)

Journal : Journal of Behavioral and Experimental Finance, Volume 9, March 2016, Pages 125–131

ترجمه کلمات کلیدی
اعتماد به نفس کاذب؛ جنسیت؛ فعالیت های تجاری؛ ابهام؛ خطر
کلمات کلیدی انگلیسی
G10; G11; G12; G14Overconfidence; Gender; Trading activity; Ambiguity; Risk
پیش نمایش مقاله
پیش نمایش مقاله  ابهام در مقابل خطر: یک مطالعه تجربی از اعتماد به نفس کاذب، جنسیت و فعالیت های تجاری

چکیده انگلیسی

In this paper, we investigate the effect of overconfidence and gender on trading activity in experimental asset markets under a symmetric information setting. We measure the degree of overconfidence in three forms—miscalibration, a better-than-average effect, and the illusion of control, and design two treatments (Ambiguity and Risk) that differ by the prior information available about the distribution of the dividend in the asset market. Our results indicate that traders who think they are on average better in terms of trading ability trade more only in the Ambiguity Treatment where prior information about the distribution is omitted. Males also have a higher degree of overconfidence in the better-than-average effect and trade significantly more than females in the Ambiguity Treatment. Both overconfidence and gender do not appear to play a role in increasing trading volume in the Risk Treatment including information on distribution.