Market Efficiency in an Irrational World
收藏NBER2000-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7489
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资源简介：
This paper explains why investors are likely to be overconfident and how this behavioral bias affects investment decisions. Our analysis suggests that investor overconfidence can potentially generate stock return momentum and that this momentum effect is likely to be the strongest in those stocks
提供机构：
美国国家经济研究局
创建时间：
2000-01-01
