overconfidence

Description This paper provides the first evidence for empirical tests of the impact of rational expectations as well as behavioral biases, including among other animal spirits such as defined by Akerlof and Shiller on the variability of trading. Using a daily data for five international capital...

<h1>Arsenal Pay Price for Overconfidence</h1> LONDON - Elimination from the Champions League is difficult to endure. Going out in the wake of outflanking your adversary all alone turf develops that torment extensively. That happened to Arsenal on Tuesday when it won, 2-0, in Monaco. It...

It was the end of the school year, and a kindergarten teacher was receiving gifts from her pupils. The florist's son handed her a gift. She shook it, held it overhead, and said, "I bet I know what it is. Flowers." "That's right!" the boy said, "But, how did you know?" "Oh, just a wild...