Asset Mispricing Due to Cognitive Dissonance /

The behavior of equity prices is analyzed in a general equilibrium model where agents have preferences not only over consumption but also (implicitly) over their beliefs. To alleviate cognitive dissonance, investors endogenously choose to ignore information that conflicts too much with their ex ante...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Eckwert, Bernhard
مؤلفون آخرون: Drees, Burkhard
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2005.
سلاسل:IMF Working Papers; Working Paper ; No. 2005/009
الوصول للمادة أونلاين:Full text available on IMF