Neglected Risks: The Psychology of Financial Crises
收藏NBER2015-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w20875
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资源简介：
We model a financial market in which investor beliefs are shaped by representativeness. Investors overreact to a series of good news, because such a series is representative of a good state. A few bad news do not change investor minds because the good state is still representative, but enough bad
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美国国家经济研究局创建时间：
2015-01-01
