Professional Documents
Culture Documents
Retrospect
Retrospect
endowment issues
You can buy the time only but can't time the market
Overconfidence……extrapolation…..overreaction……
After three successive goals, I will also earn the fourth goal credit….hot hand phenomenon
"I don't want to sell my assets below the purchase price" anchoring bias
"We always befool ourselves being long run investors but we are short sighted” myopic
Analysts follow few stocks vigorously in popular press leading bias……..strength considered but
weight ignored
Boys are always boys and tend to dominate with peers…..dominance hierarchy
Under reaction is the only Pyrrhic victory for market efficiency…………..gradually diffusing
information and delayed reaction
Publication hungry professors create problems in decision making……………..data snooping
biases