Obfuscation, Learning, and the Evolution of Investor Sophistication
收藏NBER2009-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w14954
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资源简介：
Investor sophistication has lagged behind the growing complexity of retail financial markets. To explore this, we develop a dynamic model to study the interaction between obfuscation and investor sophistication. Taking into account different learning mechanisms within the investor population, we
提供机构：
美国国家经济研究局
创建时间：
2009-05-01
