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An Evolutionary Theory of Overconfidence and Loss Aversion in Adaptive Markets

https://doi.org/10.2139/ssrn.4115680
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22/22 checkable references clean · checked 2026-08-28

Every reference with a DOI in the deposited reference list resolved to a known work in Crossref or DataCite at the dated check, and none carried a retraction, withdrawal, or removal notice.

13 without a DOI — not checked. A reference deposited without a DOI is never matched by title or guessed at; it stays outside the checked set, and this line discloses that.

The 22 checked references that resolve
resolves10.1111/j.1540-6261.2007.01204.x
Information Cascades: Evidence from a Field Experiment with Financial Market Professionals
resolves10.3998/mpub.10029
Increasing Returns and Path Dependence in the Economy
resolves10.1257/jep.27.1.173
Thirty Years of Prospect Theory in Economics: A Review and Assessment
resolves10.1093/qje/qjs018
Salience Theory of Choice Under Risk
resolves10.1006/jeth.1997.2319
Learning Through Reinforcement and Replicator Dynamics
resolves10.1111/1468-0262.00054
Experience-weighted Attraction Learning in Normal Form Games
resolves10.1257/jel.47.2.315
Psychology and Economics: Evidence from the Field
resolves10.1093/rfs/14.1.1
Learning to Be Overconfident
resolves10.1086/261737
Experimental Tests of the Endowment Effect and the Coase Theorem
resolves10.2307/1914185
Prospect Theory: An Analysis of Decision under Risk
resolves10.1162/00335530360535144
Does Market Experience Eliminate Market Anomalies?
resolves10.1111/j.1468-0262.2004.00502.x
Neoclassical Theory Versus Prospect Theory: Evidence from the Marketplace
resolves10.1257/aer.101.3.313
Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience
resolves10.3905/jpm.2004.442611
The Adaptive Markets Hypothesis
resolves10.1037/0033-295X.115.2.502
The trouble with overconfidence.
resolves10.1515/9781400829484
Understanding the Process of Economic Change
resolves10.1111/j.1540-6261.2007.01294.x
Adaptive Traders and the Design of Financial Markets
resolves10.1016/j.finmar.2007.04.001
Financial market design and bounded rationality: An experiment
resolves10.2307/1884852
A Behavioral Model of Rational Choice
resolves10.1007/978-1-4613-4367-7_6
From substantive to procedural rationality
resolves10.1007/BF00122574
Advances in prospect theory: Cumulative representation of uncertainty
resolves10.1007/s11238-007-9040-8
Prospect-theory’s Diminishing Sensitivity Versus Economics’ Intrinsic Utility of Money: How the Introduction of the Euro can be Used to Disentangle the Two Empirically
The 13 references without a DOI — listed, not checked
no DOI — not checkedref6
no DOI — not checkedThe Methodology of Positive Economics
no DOI — not checkedref10
no DOI — not checkedref12
no DOI — not checkedThe Use of Knowledge in Society
no DOI — not checkedref14
no DOI — not checkedref17
no DOI — not checkedEntrepreneurial Discovery and the Competitive Market Process: An Austrian Approach
no DOI — not checkedA Model of Reference-Dependent Preferences
no DOI — not checkedref24
no DOI — not checkedref25
no DOI — not checkedref32
no DOI — not checkedref33
What this badge says. CiteStamped means the CHECKABLE references of this work were clean at the dated check: each resolved to a known work in a public registry, and none carried a retraction notice at that time. It says nothing about the quality, findings, or importance of the work itself, and nothing about references deposited without a DOI.

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