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Rational Attention Allocation Over the Business Cycle

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NBER2009-10-01 更新2025-01-04 收录
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https://www.nber.org/papers/w15450
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The question of whether and how mutual fund managers provide valuable services for their clients motivates one of the largest literatures in finance. One candidate explanation is that funds process information about future asset values and use that information to invest in high-valued assets. But
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2009-10-01
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