The Impact Of Self-attribution Bias and Overconfidence Bias on Perceived Market Efficiency

15 Pages Posted: 10 Jul 2019

See all articles by Wajid Ali

Wajid Ali

Capital University of Science and Technology

Date Written: July 9, 2019

Abstract

This study examines the mechanism by which self-attribution bias and overconfidence bias influences perceived market efficiency. For this purpose we use questionnaire and collect data from 200 investors of Islamabad Stock Exchange (ISE). Most studies focus on well-developed financial markets and very little is known about investor’s behavior in less developed financial markets or emerging markets. The present study contributes to filling this gap in the literature. The findings suggest that self-attribution bias and overconfidence bias have significant negative impacts on perceived market efficiency.

Keywords: Self-attribution bias, Overconfidence bias, Perceived Market efficiency

JEL Classification: G02, G14

Suggested Citation

Ali, Wajid, The Impact Of Self-attribution Bias and Overconfidence Bias on Perceived Market Efficiency (July 9, 2019). Available at SSRN: https://ssrn.com/abstract=3417271 or http://dx.doi.org/10.2139/ssrn.3417271

Wajid Ali (Contact Author)

Capital University of Science and Technology ( email )

Islamabad
Islamabad, Fedral
Pakistan

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
140
Abstract Views
610
rank
285,271
PlumX Metrics