five

The Dynamics of Disagreement

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NBER2018-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w25346
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We infer how the estimates of firm value by optimists and pessimists evolve in response to information shocks by examining returns and disagreement measures for portfolios of short-sale constrained stocks which have experienced large gains or large losses. Our analysis suggests the presence of two
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2018-12-01
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