Does Overconfidence Bias Explain Volatility During the Global Financial Crisis?

Abdelhédi ZM, Boujelbène-Abbes M, Boujelbène Y (2011) Subprime crisis and volatility spillover. Int J Monet Econ Financ 4:1–20

Ackermann J (2008) The subprime crisis and its consequences. J Financial Stab 4:329–337

Albulescu CT (2008) The Impact of the New Financial Products on the Volatility of the Economic Growth. J Appl Econ Sci 2:12–19

Anders CJ (2010) Financial markets in East Asia and Europe during the global financial crisis. In: Working Paper Stockholm School of Economics

Avgouleas E (2008) Financial regulation, behavior Finance, and the financial credit crisis in search of a new regulatory model. In: Working paper, http://papers.ssrn.com . Accessed 20 Nov 2008. Bachellier L 1900

Benos AV (1998) Aggressiveness and survival of overconfident traders. J Financial Mark 1:353–383

Berger AN, Bouwman CHS (2008) Financial crises and bank liquidity creation. http://ssrn.com

Black F (1976) Studies of stock price volatility changes. In: Proceedings of the American Statistical Association, Business and Economic Statistics Section, pp 177–181

Chuang W, Lee BS (2006) An empirical evaluation of the overconfidence hypothesis. J Banking Financ 30:2489–2511

Chukwuogor C (2008) Stock Markets Returns and Volatilities: A Global Comparison. Int Res J Financ Econ 15:1–24

Claude B. Erb, Campbell RH, Viskanta TE (1998) Risk in emerging markets, contagion and other factors must be taken into account. In: The financial survey July–August, pp 42–46

Daniel K, Hirshleifer D, Subrahmanyam A (1998) Investor psychology and security market under and overreactions. J Financ 53:1839–1886

Gervais S, Odean T (2001) Learning to be overconfident. Rev Financial Stud 14:1–27

Kausik C, Franc K (2001) Have East Asian stock markets calmed down? Evidence from a regime-switching model working paper, mimeo, University of Amsterdam, Amsterdam

Lamoureux CG, Lastrapes WD (1990) Heteroskedasticity in stock return data: volume versus GARCH effects. J Financ 45:221–229

León Á, Rubio G, Serna G (2004) Autoregressive conditional volatility, skewness and kurtosis WP-AD 2004-13, Instituto Valenciano de Investigacines Economicas

Nelson DB (1991) Conditional heteroskedasticity in asset returns: a new approach. Econometrica 59:347–370

Odean T (1998) Volume, volatility, price, and profit when all traders are above average. J Financ 53:1887–1934

Richard JR (2009) Too much right can make a wrong: setting the stage for the financial crisis FBR of Chicago Working Paper, No. 2009-18

Schwert GW (1989) Why does stock market volatility change over time? J Financ 44:1115–1153

Shefrin H (2009) How psychological pitfalls generated the global financial crisis voices of wisdom: understanding the global financial crisis

Söhnke MB, Gordon MB (2009) No place to hide: the global crisis in equity markets in 2008/09. J Int Money Financ (in press)

Yates JF, Lee JW, Shinotsuka H, Patalano AL, Sieck WR (1998) Cross-cultural variations in probability judgment accuracy: beyond general knowledge overconfidence? Organ Behav Hum Decis Process 74:89–117