Asset Price Response to New Information: The Effects of by Guo Ying Luo

By Guo Ying Luo

Asset rate reaction to New Information examines the impression of 2 varieties of mental biases (namely, conservatism bias and representativeness heuristic) at the asset fee response to new info. the writer constructs quite a few types of a aggressive securities industry or a security industry taking into account strategic interplay between investors to turn out carefully that both conservatism or representativeness is in a position to producing either asset rate overreaction and underreaction to new info. the implications shed a few new insights at the phenomena of the asset rate overreaction and underreaction to new details. within the literature, little or no has been released during this region of behavioral finance. This quantity will entice graduate-level scholars and researchers in finance, behavioral finance, and monetary engineering.

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