Asset prices reflect investors' subjective beliefs about future cash flows and prices. In this chapter, we review recent research on the formation of these beliefs and their role in asset pricing. Ret
Poor financial health of intermediaries coincides with low asset prices and high risk premiums. Is this because intermediaries matter for asset prices, or simply because their health correlates with e
In models with subjective beliefs, the dynamics of investor beliefs are central to explaining asset price movements. Allowing subjective beliefs to deviate from full-information rational expectations
This is the research data used for the paper: Commodity momentum and reversal: Do they exist, and if so, why? The data set including commodity futures data and Fama-French asset pricing factors from S
"Risk management" in securities markets refers to the oversight of portfolio managers and professional traders when they trade on behalf of investors in security markets. Monitoring of their trading p