Overconfidence, Financial Advice Seeking and Household Portfolio Under-Diversification

This paper examines the relationship between overconfidence and losses from under-diversification among Dutch investors. We find that a lack of proper portfolio diversification is positively associated with overconfidence. Part of this relationship is mediated through the lower propensity of overcon...

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Auteurs principaux: Stijn P. M. Broekema, Marc M. Kramer
Format: article
Langue:EN
Publié: MDPI AG 2021
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Accès en ligne:https://doaj.org/article/b710d6f8a8ff45dd8e59396a3241ffeb
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