X-CAPM: An Extrapolative Capital Asset Pricing Model
收藏NBER2013-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w19189
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资源简介：
Survey evidence suggests that many investors form beliefs about future stock market returns by extrapolating past returns: they expect the stock market to perform well (poorly) in the near future if it performed well (poorly) in the recent past. Such beliefs are hard to reconcile with existing
提供机构：
美国国家经济研究局
创建时间：
2013-06-01
