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Article
The Influence of Psychotropic Drugs on Investor Overconfidence
Open Access Library Journal (2019)
  • Marcia L. Zindel, University of Brasilia
  • Gabriel Ribeiro, University of Brasilia
  • Carlos Henrique Rocha, University of Brasilia
  • Sergio Da Silva, Federal University of Santa Catarina
Abstract
We study the effects of the self-reported intake of stimulants, depressants and hallucinogens on investor overconfidence. A total of 105 investors participated. We find that the frequency of drug use did not affect overconfidence. However, overconfidence was correlated with the use of psychotropic drugs in our sample; regardless of type, we find a positive correlation of 15 percent. Correlation of investor overconfidence with stimulants in particular was even stronger at 41 percent. We suggest that identifying the ways psychotropic drugs in general, and stimulants in particular, interfere with striatum activity, is key for understanding their effects on investor overconfidence.
Keywords
  • Psychotropic Drugs,
  • Investor Overconfidence,
  • Behavioral Economics
Disciplines
Publication Date
2019
DOI
http://dx.doi.org/10.4236/oalib.1105486
Citation Information
Marcia L. Zindel, Gabriel Ribeiro, Carlos Henrique Rocha and Sergio Da Silva. "The Influence of Psychotropic Drugs on Investor Overconfidence" Open Access Library Journal Vol. 6 Iss. 6 (2019) p. 1 - 10 ISSN: 2333-9721
Available at: http://works.bepress.com/sergiodasilva/193/