Investor Attention: Overconfidence and Category Learning
收藏NBER2005-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w11400
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资源简介：
Motivated by psychological evidence that attention is a scarce cognitive resource, we model investors' attention allocation in learning and study the effects of this on asset-price dynamics. We show that limited investor attention leads to ``category-learning" behavior, i.e., investors tend to
提供机构：
美国国家经济研究局
创建时间：
2005-06-01
