Individual investors’ information use, subjective expectations, and portfolio risk and return
نویسندگان
چکیده
منابع مشابه
Subjective Expectations and Asset-Return Puzzles
Three major puzzles, described later in this section, have captured the attention of macroeconomic finance: the equity-premium, riskfreerate and equity-volatility puzzles. A common strand of these three asset-return puzzles is that markets are behaving as if investors fear some unknown hidden randomness that isn’t obvious from the data. People are acting in the aggregate like there is much more...
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ژورنال
عنوان ژورنال: The European Journal of Finance
سال: 2019
ISSN: 1351-847X,1466-4364
DOI: 10.1080/1351847x.2019.1592769