Can behavioral finance models account for historical asset prices?
Rhys ap Gwilym
Economics Letters, 2010, vol. 108, issue 2, 187-189
I construct a behavioral model of asset pricing in which agents choose whether to base their expectations on chartist or fundamental forecasts. I find that the model cannot be rejected as the data generating process for the FTSE All-Share Index.
Keywords: Behavioral; finance; Asset; pricing (search for similar items in EconPapers)
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Working Paper: Can behavioral finance models account for historical asset prices? (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:108:y:2010:i:2:p:187-189
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