fabio guillermo rojas wrote:
I presume you mean irrationaly optimistic self-assesment? I'd say quite a lot. But then comes the... the driver of my airport shuttle ... his investments. ... insisted that he was *fast* - he was simply faster at spotting the trend than the average investor. ... how much of investing behavior is based on self-assesment vs. rational expectations? In other words, when are investors driven by their perception that they can beat other investors vs. an assessment that an average investment will be profitable?
hard question: what policy implications follow from this conclusion?
