Proceedings of the 9th Joint International Conference on Information Sciences (JCIS-06)

Emergence of Overconfidence Investors in Financial Markets

Authors
Hiroshi Takahashi 0, Takao Terano
Corresponding Author
Hiroshi Takahashi
0Graduate School of Humanities and Social Sciences, Okayama U
Available Online October 2006.
DOI
https://doi.org/10.2991/jcis.2006.338How to use a DOI?
Keywords
Finance, Multi-Agent System, Behavioral Economics, Overconfidence, Inverse Simulation
Abstract
This research utilizes the Agent-Based Model to clarify microscopic and macroscopic links between investor behavior and price fluctuations in the financial market. This analysis places focus on the role that investors’ overconfidence plays in the financial market. As a result of this analysis, it has been found that overconfident investors are generated in a bottom-up fashion in the market.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Proceedings
9th Joint International Conference on Information Sciences (JCIS-06)
Part of series
Advances in Intelligent Systems Research
Publication Date
October 2006
ISBN
978-90-78677-01-7
ISSN
1951-6851
DOI
https://doi.org/10.2991/jcis.2006.338How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Hiroshi Takahashi
AU  - Takao Terano
PY  - 2006/10
DA  - 2006/10
TI  - Emergence of Overconfidence Investors in Financial Markets
BT  - 9th Joint International Conference on Information Sciences (JCIS-06)
PB  - Atlantis Press
SN  - 1951-6851
UR  - https://doi.org/10.2991/jcis.2006.338
DO  - https://doi.org/10.2991/jcis.2006.338
ID  - Takahashi2006/10
ER  -