The Relationship between Financial Literacy Misestimation and Misplacement from the Perspective of Inverse Differential Information and Stock Market Participation

The Relationship between Financial Literacy Misestimation and Misplacement from the Perspective of Inverse Differential Information and Stock Market Participation

This study proposes the inverse differential information theory, which predicts a positive relationship between misestimation and misplacement, two types of overconfidence. The inverse differential information theory contrasts with the existing theory of differential information, which argues for a...

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Bibliographic Details
Main Authors: Yun-Ho Lee, Weihua Ma
Format: Article
Language:English
Published: MDPI AG 2024-08-01
Series:International Journal of Financial Studies
Subjects:
financial literacy
overconfidence
misestimation
misplacement
inverse differential information
stock market participation
Online Access:https://www.mdpi.com/2227-7072/12/3/81

Internet

https://www.mdpi.com/2227-7072/12/3/81

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