Investor overconfidence leads to increased risk-taking and excessive trading, which results in poor financial performance due to transaction costs and losses, as supported by research from Chuang and Lee (2006), Odean (1999), Statman et al. (2006), and Glaser and Weber (2007).

Authors

• Person: Not available Organization: Frontiers in Psychology
  The Impact of Cognitive Biases on Professionals' Decision-Making

Sources

• The Impact of Cognitive Biases on Professionals' Decision-Making www.frontiersin.org Frontiers in Psychology via serper

Referenced by nodes (2)

• Risk-Taking concept
• financial performance concept