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Cited by 819

The DOI matches its Crossref record; 46 of the 46 references it cites were found in a registry or an index.

Sensation Seeking, Overconfidence, and Trading Activity

Open access
GRINBLATT, MARK, KELOHARJU, MATTI·2009·The Journal of Finance
DOI 10.1111/j.1540-6261.2009.01443.x
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Abstract

This study analyzes the role that two psychological attributes—sensation seeking and overconfidence—play in the tendency of investors to trade stocks. Equity trading data from Finland are combined with data from investor tax filings, driving records, and mandatory psychological profiles. We use these data, obtained from a large population, to construct measures of overconfidence and sensation seeking tendencies. Controlling for a host of variables, including wealth, income, age, number of stocks owned, marital status, and occupation, we find that overconfident investors and those investors most prone to sensation seeking trade more frequently.

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Crossref · 10.1111/j.1540-6261.2009.01443.x

Cites

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Metadata

Authors
GRINBLATT, M., & KELOHARJU, M.
Venue
The Journal of Finance
Publisher
Wiley
Published
2009-03-13
Volume
64
Issue
2
Pages
549-578
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/j.1540-6261.2009.01443.x
OpenAlex
W2890567002
Cited by
819
References
46
FWCI
65.55
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Sensation Seeking, Overconfidence, and Trading Activity. https://app.cochat.ai/papers/10.1111/j.1540-6261.2009.01443.x
The paper
GRINBLATT, M., & KELOHARJU, M. (2009). Sensation Seeking, Overconfidence, and Trading Activity. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.2009.01443.x

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.