What is it about?
This research paper analyses the impact of COVID-19 to investigate the overconfidence bias in 12 cyclical and defensive sectors in pre- and during COVID-19 periods using daily data from 1 January 2015 to 31 December 2020. The results of VAR show that in the pre COVID-19 phase overconfidence bias is more prevalent in all the cyclical sectors; in particular, MEDIA, METAL and REALTY have highly significant coefficients .
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Why is it important?
This research paper analyses the impact of COVID-19 to investigate the overconfidence bias in 12 cyclical and defensive sectors in pre- and during COVID-19 periods using daily data from 1 January 2015 to 31 December 2020.
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This page is a summary of: The COVID-19 Pandemic and Overconfidence Bias: The Case of Cyclical and Defensive Sectors, Risks, March 2022, MDPI AG,
DOI: 10.3390/risks10030056.
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