Financial Markets where Traders Neglect the Informational Content of Prices
收藏NBER2015-06-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w21224
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资源简介:
We present a model of a financial market where some traders are "cursed" when choosing how much to invest in a risky asset, failing to fully take into account what prices convey about others' private information. Cursed traders put more weight on their private signals than rational traders. But
提供机构:
美国国家经济研究局
创建时间:
2015-06-01



