Interactions between Domestic and Foreign Investment
收藏NBER1988-09-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2714
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资源简介：
We present a model of portfolio allocation by noise traders who form incorrect expectations about the variance of the return distribution of a particular asset. We show that for many types of misperceptions, as long as such noise traders do not affect prices, they earn higher expected returns than
提供机构：
美国国家经济研究局
创建时间：
1988-09-01
