The paper aims to explore the self-attribution bias impact on investor perception about cryptocurrency market efficiency with mediating role overconfidence in the relation of self-attribution with perceived market efficiency. We opted to collect data via a convenience sampling technique by using electronic questionnaires and limiting our study to European cryptocurrency investors. Structural Equation Modelling outcomes indicate no significant impact of self-attribution bias on perceived market efficiency. Whereas it was found that overconfidence bias has a significant effect on perceived efficiency. Further, the decomposition analysis indicated the presence of the mediating effect of overconfidence in the relationship of self-attribution with perceived market efficiency.
Jalal, R. N. U. D., Leonelli, S., Does Self-attribution Impact on Investor Perception About Cryptocurrency Market Efficiency? The Mediating Role of Overconfidence, in Ceci, F. P. A. S. P. (ed.), Exploring Innovation in a Digital World. Lecture Notes in Information Systems and Organisation, Springer Science and Business Media Deutschland GmbH, AG 2021: <<LECTURE NOTES IN INFORMATION SYSTEMS AND ORGANISATION>>, 51 137- 150. 10.1007/978-3-030-87842-9_11 [https://hdl.handle.net/10807/326737]
Does Self-attribution Impact on Investor Perception About Cryptocurrency Market Efficiency? The Mediating Role of Overconfidence
Jalal, Raja Nabeel Ud Din
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2021
Abstract
The paper aims to explore the self-attribution bias impact on investor perception about cryptocurrency market efficiency with mediating role overconfidence in the relation of self-attribution with perceived market efficiency. We opted to collect data via a convenience sampling technique by using electronic questionnaires and limiting our study to European cryptocurrency investors. Structural Equation Modelling outcomes indicate no significant impact of self-attribution bias on perceived market efficiency. Whereas it was found that overconfidence bias has a significant effect on perceived efficiency. Further, the decomposition analysis indicated the presence of the mediating effect of overconfidence in the relationship of self-attribution with perceived market efficiency.
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