Erratum
There is an error in my 2004 paper "Wealth, Information Acquisition and Portfolio Choice". This note shows how to correct it by adjusting the hypotheses of the model. Specifically, it assumes that agents learn about the stock's mean payoff rather than about its realization. All the co...
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| Veröffentlicht in: | The Review of financial studies 2011, Vol.24 (9), p.3187-3195 |
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| 1. Verfasser: | |
| Format: | Artikel |
| Sprache: | eng |
| Online-Zugang: | Volltext |
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| Zusammenfassung: | There is an error in my 2004 paper "Wealth, Information Acquisition and Portfolio Choice". This note shows how to correct it by adjusting the hypotheses of the model. Specifically, it assumes that agents learn about the stock's mean payoff rather than about its realization. All the conclusions of the paper remain valid. |
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| ISSN: | 0893-9454 1465-7368 |
| DOI: | 10.1093/rfs/hhr070 |