An Exploration of the Effects of Pessimism and Doubt on Asset Returns
收藏NBER2001-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w8132
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资源简介：
The subjective distribution of growth rates of aggregate consumption is characterized by pessimism if it is first-order stochastically dominated by the objective distribution. Uniform pessimism is a leftward translation of the objective distribution of the logarithm of the growth rate. The
提供机构：
美国国家经济研究局
创建时间：
2001-02-01
