Emergence of Overconfidence Investors in Financial Markets

DOI

10.2991/jcis.2006.338How to use a DOI?

Keywords

Finance, Multi-Agent System, Behavioral Economics, Overconfidence, Inverse Simulation

Abstract

This research utilizes the Agent-Based Model to clarify microscopic and macroscopic links between investor behavior and price fluctuations in the financial market. This analysis places focus on the role that investors’ overconfidence plays in the financial market. As a result of this analysis, it has been found that overconfident investors are generated in a bottom-up fashion in the market.

Copyright

© 2006, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Hiroshi Takahashi
AU  - Takao Terano
PY  - 2006/10
DA  - 2006/10
TI  - Emergence of Overconfidence Investors in Financial Markets
BT  - Proceedings of the 9th Joint International Conference on Information Sciences (JCIS-06)
PB  - Atlantis Press
SN  - 1951-6851
UR  - https://doi.org/10.2991/jcis.2006.338
DO  - 10.2991/jcis.2006.338
ID  - Takahashi2006/10
ER  -