Optimal Beliefs, Asset Prices, and the Preference for Skewed Returns
收藏NBER2007-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12940
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资源简介：
Human beings want to believe that good outcomes in the future are more likely, but also want to make good decisions that increase average outcomes in the future. We consider a general equilibrium model with complete markets and show that when investors hold beliefs that optimally balance these two
提供机构：
美国国家经济研究局
创建时间：
2007-02-01
