Overconfidence Bias and Its Manifestation on Financial Markets

Boyan Ivanchev
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Boyan Ivanchev: University of National and World Economy, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2021, issue 1, 145-152

Abstract: 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.

Keywords: overconfidence bias; financial markets; overtrading; Bulgarian Stock Exchange (search for similar items in EconPapers)
JEL-codes: G41 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2021:i:1:p:145-152

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