Footnotes (5)



Behaving Badly

James Montier

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: 16

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Date posted: March 23, 2006  

Suggested Citation

Montier, James, Behaving Badly (February 2, 2006). Available at SSRN: http://ssrn.com/abstract=890563 or http://dx.doi.org/10.2139/ssrn.890563

Contact Information

James Montier (Contact Author)
Dresdner Kleinwort Wasserstein - Global Equity Strategy ( email )
20 Fenchurch Street
London EC3P 3DB
United Kingdom
02074756821 (Phone)
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