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...

Deskribapen osoa

Xehetasun bibliografikoak
Egile nagusia: Eckwert, Bernhard
Beste egile batzuk: Drees, Burkhard
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2005.
Saila:IMF Working Papers; Working Paper ; No. 2005/009
Sarrera elektronikoa:Full text available on IMF