Business Intelligence

Investors Overconfidence: A Survey On The Tunisian Stock Market

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Executive Summary

The aim of this paper is to check if investors in emergent markets, especially in the Tunisian stock market, suffer from the overconfidence bias. To achieve this purpose the authors adopted a survey approach on individual investors from the Tunisian stock exchange. Their major findings were: Tunisian investors seem to be overconfident in general cases and in beating the market. Furthermore, age and income are not related to self confidence. Concerning the gender issue, women tend to lack confidence in investment performance. Finally, overconfident men tend to trade more than women.

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