search query: @freeterm overconfidence / total: 7
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| Author: | Menkhoff, L. Schmidt, U. Brozynski, T. |
| Title: | The impact of experience on risk taking, overconfidence, and herding of fund managers: complementary survey evidence |
| Journal: | European Economic Review
2006 : OCT, VOL. 50:7, p. 1753-1766 |
| Index terms: | investment funds managers risk experience Germany |
| Freeterms: | herding overconfidence |
| Language: | eng |
| Abstract: | This study provides complementary survey evidence of 117 German fund managers which can improve the understanding in the field. It is found that herding is decreasing with experience while the evidence concerning risk taking and overconfidence is mixed. Nevertheless, these results provide some support for the hypothesis that inexperienced managers do indeed take higher risks. |
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