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Previous issue date: 2017-08-01 / This dissertation reports empirical evidence on the impact of planning and monitoring (feedback) on performance/deviation, failure to achieve the goal, and overconfidence. One hundred and eighty-six proprietary day traders participated in an experiment, where they were exposed to interventions before starting trading. Subjects were randomly assigned to one of four groups: planning, feedback, a combination of both interventions, and a control group. The treatment phase lasted one week, constituting a mixed design. The main findings are: a) only the monitoring process can be used as a self-control mechanism oriented to goal achievement, But in situations where traders keep tracking their performances without associate it to a goal, they are sensitive to unfavorable outcomes; b) planning the gain target for the day was not a successful strategy neither toward goal achievement nor to performance; c) traders who use the past day return as a forecasting source became more overconfident in reaching the weekly income.
| Identifer | oai:union.ndltd.org:IBICT/oai:bibliotecadigital.fgv.br:10438/19199 |
| Date | 01 August 2017 |
| Creators | Andrade, Daniel Modenesi de |
| Contributors | Norden, Lars, Andrade, Eduardo Bittencourt, Motoki , Fábio Yoshio Suguri, Monte-mor, Danilo, Escolas::EBAPE, Behr, Patrick Gottfried |
| Source Sets | IBICT Brazilian ETDs |
| Language | English |
| Detected Language | English |
| Type | info:eu-repo/semantics/publishedVersion, info:eu-repo/semantics/doctoralThesis |
| Source | reponame:Repositório Institucional do FGV, instname:Fundação Getulio Vargas, instacron:FGV |
| Rights | info:eu-repo/semantics/openAccess |
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