Learning and the Emergence of Nonlinearity in Financial Markets
收藏NBER2025-12-01 更新2025-12-27 收录
下载链接：
https://www.nber.org/papers/w34584
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资源简介：
Financial markets (and more generally the real economy) display a wide range of important nonlinearities. This paper focuses on stock returns, which are skewed left generating crashes and whose volatility moves over time, is itself skewed, is strongly related to the level of prices, and displays
提供机构：
美国国家经济研究局
创建时间：
2025-12-01
