The Determinants of Overconfidence: An Experimental Approach

5 Pages Posted: 23 Sep 2010

See all articles by William Santos

William Santos

Catholic University of Brazil (UCB)

Benjamin M. Tabak

FGV/EPPG

Jose L. B. Fernandes

Universidade de Brasília

Alberto S. Matsumoto

Universidade Católica de Brasília; Government of the Federative Republic of Brazil - Central Bank of Brazil

Paulo César Chagas

Catholic University of Brazil (UCB)

Date Written: September 22, 2010

Abstract

We employ a lab experiment to test whether subjects have overconfidence. We find evidence suggesting that: in general men have a larger degree of overconfidence, and that both age and experience have some influence in the degree of overconfidence.

Keywords: Behavioral Finance, Cognitive Biases, Overconfidence

JEL Classification: C91

Suggested Citation

Santos, William and Tabak, Benjamin M. and Fernandes, Jose Luiz Barros and Matsumoto, Alberto S. and Chagas, Paulo César, The Determinants of Overconfidence: An Experimental Approach (September 22, 2010). Available at SSRN: https://ssrn.com/abstract=1680962 or http://dx.doi.org/10.2139/ssrn.1680962

William Santos

Catholic University of Brazil (UCB) ( email )

SGAN 916, Modulo B, Asa Norte
Brasília, DF 70790-160
Brazil

Benjamin M. Tabak

FGV/EPPG ( email )

SGAN Av. L2 Norte - Quadra 602 - Módulos A, B e C
Brasília, Rio de Janeiro 70830-051
Brazil

Jose Luiz Barros Fernandes (Contact Author)

Universidade de Brasília ( email )

Campus Universitário Darcy Ribeiro
Brasília, Distrito Federal 70910-900
Brazil

Alberto S. Matsumoto

Universidade Católica de Brasília ( email )

SGAN 916, módulo B, Asa Norte
Brasília, Brasília 70790-160
Brazil
556181618192 (Phone)

Government of the Federative Republic of Brazil - Central Bank of Brazil ( email )

P.O. Box 08670
SBS Quadra 3 Bloco B - Edificio-Sede
Brasilia, Distr. Federal 70074-900
Brazil

Paulo César Chagas

Catholic University of Brazil (UCB) ( email )

SGAN 916, Modulo B, Asa Norte
Brasília, DF 70790-160
Brazil

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