Plausibly Exogenous [1501] - Overconfidence (03/12/2024)
LHS Variable
Overconfidence
RHS Variable
Luck
Source of Exogenous Variation
Winning an allotment in IPO subscription in China, which is purely driven by luck
- Gao, Shi, and Zhao (2021), “Does good luck make people overconfident? Evidence from a natural experiment in the stock market”