"Overconfidence, Financial Literacy and Excessive Trading", joint with Koen Inghelbrecht, Journal of Economic Behavior and Organization, Volume 219, March 2024, Pages 152-195.

"Effectiveness of Warning Signal and Overconfident Investors",
joint with Koen Inghelbrecht

"When does it pay to pay attention?"

Abstract

This paper investigates the combined effect of financial attention and financial literacy on investors’ performance. Our empirical analysis, based on a large and unique broker- age dataset, suggests that highly literate investors benefit by paying financial attention, whereas attention can be counterproductive for investors with low financial literacy. More- over, when investors, either highly or lowly literate, are overconfident about their financial literacy, the impact of financial attention on their performance is reinforced.

"Every cloud has a silver lining: the Good Side of Overconfidence"

Abstract

This paper investigates whether investors who claim trading experience in complex financial products exhibit greater overconfidence and higher financial literacy than investors who declare to have any trading experience in complex instruments. Using MiFID test scores and a unique brokerage dataset, we rank investors' financial literacy and measure overconfidence as the difference between subjective and objective financial literacy, and through a switching regression design, we find highly literate investors perform better if they are overconfident.

"The Power of Ignorance: Financial Literacy and Overconfident Investors",
joint with Wenqiong Liu

"Investors' Overconfidence and the Disposition Effect",
joint with Wenqiong Liu

Post-Doc Position – University of Sassari – Department of Economics and Business
Research Director: Prof. Manuela Pulina

Post-Doc Position – University of Sassari – Department of Economics and Business
Research Director: Prof. Marco Delogu

Teaching Assistant - Investment Analysis and Portfolio Management - Ghent University - Department of Economics

Teaching Assistant - Research Methods in Finance - Ghent University - Department of Economics

04/06/2025 - 06/06/2025, London – United Kingdom - BFWG 2025 – Behavioral Finance Working Group 2025

14/05/2025, Olbia (SS) - University of Sassari – Disea - EDUFIN (MEF) - Conference: Educazione finanziaria, transizione digitale e intelligenza artificiale 2025 (TERZA MISSIONE)

13/05/2024 Brussels – Belgium - BFRF 2024 – Belgian Financial Research Forum 2024

12/06/2023 – 13/06/2023, London – United Kingdom - BFWG 2023 – Behavioral Finance Working Group 2023

20/04/2023 – 21/04/2023, Brussels – Belgium - BFRF 2023 – Belgian Financial Research Forum 2023

08/09/2022 – 09/09/2022, Amsterdam – Netherlands - RBFC 2022 – Research in Behavioral Finance Conference 2022