Novice investors struggle with processing information and accessing quality information.They still feel they can "beat the market".This is a form of overconfidence bias.

Question

Quizplus · Accepted Answer

Novice investors often have overconfidence bias and believe they can outperform the market despite not having enough knowledge and experience. They may also struggle with differentiating between reliable and unreliable sources of information.

Novice Investors Struggle with Processing Information and Accessing Quality Information