"Superstitious" Investors
收藏数据链接：
官方服务：
资源简介：
We consider an economy in which investors believe dividend growth is predictable, when in reality it is not. We show that these beliefs lead to excess volatility and return predictability. We also show that these beliefs are rational in the face of evidence on dividend growth. We apply this
提供机构：
美国国家经济研究局创建时间：
2019-03-01
