Sensation seeking, overconfidence, and trading activity
By: Mark Grinblatt, Matti Keloharju
Contributors: Grinblatt, Mark; National Bureau of Economic Research
Series: NBER working paper series -- working paper 12223; Working paper series (National Bureau of Economic Research : Online) -- working paper no. 12223.
Publisher: National Bureau of Economic Research
Published: 2006
Place of publication: Cambridge, MA
Language: eng
Format: [electronic resource] /
Description: "This study analyzes the role that two psychological attributes sensation seeking and overconfidence play in the tendency of investors to trade stocks.  Equity trading data are combined with data from an investor's tax filings, driving record, and psychological profile.  We use the data to construct measures of overconfidence and sensation seeking tendencies.  Controlling for a host of variables, including wealth, income, age, number of stocks owned, marital status, and occupation, we find that overconfident investors and those investors most prone to sensation seeking trade more frequently" National Bureau of Economic Research web site.
Notes: Title from PDF file as viewed on 5/24/2006.

Includes bibliographical references.

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