Short-Run Overreaction, Stock Prices and Investors’ Irrationality in the Kuala Lumpur Stock Exchange
This paper argues that investors are not always rational decision makers as assumed in most finance theories. As humans, investors are said to demonstrate biases in their judgement and decision making. Relying on intuition and ruleof- thumb, being optimistic and overconfident, and having the tendenc...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
UUM Press
2004-12-01
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| Series: | International Journal of Management Studies |
| Subjects: | |
| Online Access: | https://e-journal.uum.edu.my/index.php/ijms/article/view/9172 |