Emergence of overconfidence investor in financial markets

Hiroshi Takahashi, Takao Terano

Research output: Chapter in Book/Report/Conference proceedingConference contribution

2 Citations (Scopus)

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.

Original languageEnglish
Title of host publicationProceedings of the 9th Joint Conference on Information Sciences, JCIS 2006
Volume2006
DOIs
Publication statusPublished - 2006
Externally publishedYes
Event9th Joint Conference on Information Sciences, JCIS 2006 - Taiwan, ROC, Taiwan, Province of China
Duration: 2006 Oct 82006 Oct 11

Other

Other9th Joint Conference on Information Sciences, JCIS 2006
CountryTaiwan, Province of China
CityTaiwan, ROC
Period06/10/806/10/11

Fingerprint

Financial markets

Keywords

  • Behavioral economics
  • Finance
  • Inverse simulation
  • Multi-agent system
  • Overconfidence

ASJC Scopus subject areas

  • Engineering(all)

Cite this

Takahashi, H., & Terano, T. (2006). Emergence of overconfidence investor in financial markets. In Proceedings of the 9th Joint Conference on Information Sciences, JCIS 2006 (Vol. 2006). [CIEF-267] https://doi.org/10.2991/jcis.2006.338

Emergence of overconfidence investor in financial markets. / Takahashi, Hiroshi; Terano, Takao.

Proceedings of the 9th Joint Conference on Information Sciences, JCIS 2006. Vol. 2006 2006. CIEF-267.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Takahashi, H & Terano, T 2006, Emergence of overconfidence investor in financial markets. in Proceedings of the 9th Joint Conference on Information Sciences, JCIS 2006. vol. 2006, CIEF-267, 9th Joint Conference on Information Sciences, JCIS 2006, Taiwan, ROC, Taiwan, Province of China, 06/10/8. https://doi.org/10.2991/jcis.2006.338
Takahashi H, Terano T. Emergence of overconfidence investor in financial markets. In Proceedings of the 9th Joint Conference on Information Sciences, JCIS 2006. Vol. 2006. 2006. CIEF-267 https://doi.org/10.2991/jcis.2006.338
Takahashi, Hiroshi ; Terano, Takao. / Emergence of overconfidence investor in financial markets. Proceedings of the 9th Joint Conference on Information Sciences, JCIS 2006. Vol. 2006 2006.
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