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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| Format: | Czasopismo |
| Język: | English |
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Washington, D.C. :
International Monetary Fund,
2005.
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| Seria: | IMF Working Papers; Working Paper ;
No. 2005/009 |
| Dostęp online: | Full text available on IMF |