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Investor Psychology and Security Market Under‐ and Overreactions
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Investor Psychology and Security Market Under‐ and Overreactions
Kent Daniel; David Hirshleifer; Avanidhar Subrahmanyam · The Journal of Finance · 1998
ABSTRACT We propose a theory of securities market under‐ and overreactions based on two well‐known psychological biases: investor overconfidence about the precision of private information; and biased self‐attributi...
Idioma English
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