What Hundreds of Economic News Events Say About Belief Overreaction in the Stock Market
收藏NBER2024-04-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w32301
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资源简介：
We measure the nature and severity of a variety of belief distortions in market reactions to hundreds of economic news events by estimating a structural asset pricing model combined with algorithmic machine learning to quantify bias. We find that investors systematically overreact to perceptions
提供机构：
美国国家经济研究局
创建时间：
2024-04-01
