Dresdner Kleinwort Wasserstein - Global Equity Strategy
February 2, 2006
Over 300 professional fund managers have taken a test to measure the scale of behavioural biases. This paper presents the results. Amongst other finds we show fund managers seem to suffer from over-optimism, representativeness, framing and anchoring. We also use Fredericks Cognitive Reflection Task to show that the degree of susceptibility to biased behaviour is captured by the CRT.
Number of Pages in PDF File: 16working papers series
Date posted: March 23, 2006
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