Return Predictability, Expectations, and Investment: Experimental Evidence

In an investment experiment, we show variations in information affect belief and decision behaviors within the information-beliefs-decisions chain. Subjects observe the time series of a risky asset and a signal that, in random rounds, helps predict returns. When they perceive the signal as useless,...

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Veröffentlicht in:	The Review of financial studies 2024-08, p.1-39
Hauptverfasser:	Andries, Marianne, Bianchi, Milo, Huynh, Karen, Pouget, Sébastien
Format:	Artikel
Sprache:	eng
Schlagworte:	Economics and Finance Humanities and Social Sciences
Online-Zugang:	Volltext
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