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What are the implications of overconfidence? Item 1). excessive trading. Item 2). Analyst who had accurate forecasts in the past tend to have large errors
What are the implications of overconfidence? Item 1). excessive trading. Item 2). Analyst who had accurate forecasts in the past tend to have large errors in the future. Item 3). market can become underpriced when investors are overconfident. item 2) only item 1 and 2 only. item 1, 2 and 3 of the above. item 1 only
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