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...
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| Άλλοι συγγραφείς: | |
| Μορφή: | Επιστημονικό περιοδικό |
| Γλώσσα: | English |
| Έκδοση: |
Washington, D.C. :
International Monetary Fund,
2005.
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| Σειρά: | IMF Working Papers; Working Paper ;
No. 2005/009 |
| Διαθέσιμο Online: | Full text available on IMF |