Overconfidence in judgements: the evidence, the implications and the limitations

This paper examines the degree to which individuals tend to be overconfident in their judgements and identifies the implications for those trading in prediction markets. The findings from laboratory-based psychological studies of overconfidence are compared and contrasted with those from financial m...

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Bibliographic Details
Main Authors: Wu, Shih-Wei (Author), Johnson, Johnnie E.V (Author), Sung, M. (Author)
Format: Article
Language:English
Published: 2008-05.
Subjects:
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