A Review of Research on the Theory of Overconfidence at Home and Abroad
Huang Guo-liang
Abstract
Huang Guo-liang
Abstract
Through introducing the theories and research patterns of cognitive psychology into the field of e- conomics,psychologists and behavioral economists bring forward the proposition of overconfidence of investors.This paper makes a thorough review of research on the theory of overconfidence at both home and abroad,and summari- zes the deficiencies in order to promote this study in China and guide the healthy development of Chinese securities markets.
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Through introducing the theories and research patterns of cognitive psychology into the field of e- conomics,psychologists and behavioral economists bring forward the proposition of overconfidence of investors.This paper makes a thorough review of research on the theory of overconfidence at both home and abroad,and summari- zes the deficiencies in order to promote this study in China and guide the healthy development of Chinese securities markets.
Key concepts: Overconfidence effect, Proposition, China, Order (exchange), Behavioral economics, Psychology, Field (mathematics), Positive economics