Don't waste good methods on bad buffers and ambiguous data.
نویسندگان
چکیده
منابع مشابه
The Good, the Bad, and the Ambiguous: The Aggregate Stock Market Dynamics around Macroeconomic News
Using a representative agent model in which the investor is averse to ambiguity (Knightian uncertainty) and sees an ambiguous piece of news about the fundamental value of a risky asset, I show a number of predictions for the dynamics of stocks around news: Stocks respond more strongly to bad news than to good news, respond positively to neutral news, and increase on average through news. In tim...
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" Ladies and gentleman, this is your captain speaking. I have some good news and I have some bad news. The good news is, that we have a very strong tail wind, and we are doing one thousand four hundred miles per hour over land. The bad news is, that all of our navigation instruments are out, and we don't know where we are, and we don't know where we are going. " Joseph Weizenbaum " Rebel at Wor...
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ورودعنوان ژورنال:
- Proceedings of the National Academy of Sciences of the United States of America
دوره 110 5 شماره
صفحات -
تاریخ انتشار 2013