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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Eckwert, Bernhard
Awduron Eraill: Drees, Burkhard
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2005.
Cyfres:IMF Working Papers; Working Paper ; No. 2005/009
Mynediad Ar-lein:Full text available on IMF