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Can behavioral finance models account for historical asset prices?

Rhys ap Gwilym

Economics Letters, 2010, vol. 108, issue 2, 187-189

Abstract: 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)
Date: 2010
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