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Huisman, R., van der Sar, N.L. and Zwinkels, R. (2012). A New Measurement Method of Investor Overconfidence Economics Letters, 114:69--71.

  • Journal
    Economics Letters
View publication

We present an alternative measurement method of investor overconfidence, using unique survey data on stock market predictions of investors. We apply the Parkinson estimate based on extreme bounds around the stock forecast to deduce investor confidence. The results support overconfidence. {\textcopyright} 2011 Elsevier B.V.