X-CAPM: An Extrapolative Capital Asset Pricing Model
收藏NBER2013-06-01 更新2025-01-04 收录
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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
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美国国家经济研究局创建时间：
2013-06-01
