---
title: Overconfidence and Trading Volume
url: https://www.ml-quant.com/papers/ssrn/5028494/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 5028494
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5028494
featured: 2024-12-18
citations: unknown
topic: Trading, Microstructure & Execution
---


# Overconfidence and Trading Volume

A study finds a strong positive correlation between investor overconfidence and trading volume, indicating that overconfident investors tend to trade more, even when advised otherwise.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=5028494
- Identifier: SSRN 5028494
- Released: 2024-11-18
- First featured: Quant Letter No. 79 (2024-12-18): https://www.ml-quant.com/issues/2024-12-18/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Trading, Microstructure & Execution

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