Prospect Theory and Stock Market Anomalies
收藏NBER2020-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27155
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资源简介：
We present a new model of asset prices in which investors evaluate risk according to prospect theory and examine its ability to explain 23 prominent stock market anomalies. The model incorporates all the elements of prospect theory, takes account of investors prior gains and losses, and makes
提供机构：
美国国家经济研究局
创建时间：
2020-05-01
