We had such great difficulty to publish some papers, but we showed those who exhibit greater knowledge in investing show greater confirmation bias particularly when there is greater uncertainty! Often these folks tend to trade more often thinking they know a lot (illusion of knowledge and control ) and to be worse off! Thanks for the SEs for accepting these papers. These paper are traction from the industry!! Hope to send our ISR paper to these authors - Interesting isnt it - A high degree of financial knowledge was equally correlated to financial health and financial sickness. Or, put another way, ones financial knowledge could not predict how they would apply that knowledge in their own life.
Posted on: Sun, 21 Sep 2014 15:03:20 +0000
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