Overconfident Investors, Predictable Returns, and Excessive Trading
收藏NBER2016-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w21945
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资源简介：
Individuals and asset managers trade aggressively, resulting in high volume in asset markets, even when such trading results in high risk and low net returns. Asset prices display patterns of predictability that are difficult to reconcile with rational expectationsbased theories of price formation.
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美国国家经济研究局创建时间：
2016-02-01
