The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in the Real World
收藏数据链接：
官方服务：
资源简介：
Existing literature continues to be unable to offer a convincing explanation for the volatility of the stochastic discount factor in real world data. Our work provides such an explanation. We do not rely on frictions, market in completeness or transactions costs of any kind. Instead, we modify a
提供机构：
美国国家经济研究局创建时间：
2012-12-01
