An Overconfident Market Environment - A Place for Irrational Noise Trading

Yuan, Wei (2023) An Overconfident Market Environment - A Place for Irrational Noise Trading. In: Proceedings of the 2nd International Conference on Financial Innovation, FinTech and Information Technology, FFIT 2023, July 7–9, 2023, Chongqing, China.

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Abstract

Compared to developed foreign capital markets, the Chinese A-share market is not always efficient. In most cases, noise trading by investors using misinformation does not generate excess returns for them and can even lead to losses. However, in somewhat overconfident market environments such as the

Item Type: Conference or Workshop Item (UNSPECIFIED)
Date Deposited: 04 Mar 2026 16:44
Last Modified: 17 Apr 2026 01:55
URI: http://eprints.eai.eu/id/eprint/45159

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