Potential underdog bias, overconfidence and risk propensity in investor decision-making behavior
dc.contributor.author | Combrink, Sean | |
dc.contributor.author | Lew, Charlene | |
dc.contributor.email | lewc@gibs.co.za | en_ZA |
dc.date.accessioned | 2020-09-10T13:46:51Z | |
dc.date.issued | 2020 | |
dc.description.abstract | In this study we investigate whether investors are prone to take risks, both in terms of how they rate their risk propensity and their behavior in choosing between options with different risk levels, and whether they display overconfidence and underdog bias. We also investigate the relationships among underdog bias, overconfidence and risk propensity. The results indicate overconfidence levels similar to that in other populations and do not reveal underdog bias or high levels of risk propensity. We found support for a negative predictive relationship between underdog bias and overconfidence. | en_ZA |
dc.description.department | Gordon Institute of Business Science (GIBS) | en_ZA |
dc.description.embargo | 2021-06-03 | |
dc.description.librarian | hj2020 | en_ZA |
dc.description.uri | https://www.tandfonline.com/loi/hbhf20 | en_ZA |
dc.identifier.citation | Combrink, S. & Lew, C. 2020, 'Potential underdog bias, overconfidence and risk propensity in investor decision-making behavior', Journal of Behavioral Finance, 21(4):337-351, doi:10.1080/15427560.2019.1692843. | en_ZA |
dc.identifier.issn | 1542-7560 (print) | |
dc.identifier.issn | 1542-7579 (online) | |
dc.identifier.other | 10.1080/15427560.2019.1692843 | |
dc.identifier.uri | http://hdl.handle.net/2263/76141 | |
dc.language.iso | en | en_ZA |
dc.publisher | Routledge | en_ZA |
dc.rights | © 2020 Taylor and Francis. This is an electronic version of an article published in Journal of Behavioral Finances, vol. 21, no. 4, pp. 337-351, 2020. doi : 10.1080/15427560.2019.1692843. Journal of Behavioral Finance is available online at : https://www.tandfonline.com/loi/hbhf20. | en_ZA |
dc.subject | Investor decision-making | en_ZA |
dc.subject | Risk propensity | en_ZA |
dc.subject | Underdog bias | en_ZA |
dc.subject | Overconfidence | en_ZA |
dc.subject | Decision bias | en_ZA |
dc.title | Potential underdog bias, overconfidence and risk propensity in investor decision-making behavior | en_ZA |
dc.type | Postprint Article | en_ZA |