Testing Behavioral Finance Theories Using Trends and Sequences in Financial Performance
Preprint
- 1 January 2002
- preprint
- Published by Elsevier in SSRN Electronic Journal
Abstract
Assessing the predictive ability of behavioral finance theories using out-of-sample data is important. Without predictive tests, the risk of overfitting theoryKeywords
All Related Versions
This publication has 14 references indexed in Scilit:
- Inference by Believers in the Law of Small NumbersThe Quarterly Journal of Economics, 2002
- Investor Psychology and Asset PricingThe Journal of Finance, 2001
- Rational Markets: Yes or No? The Affirmative CaseCFA Magazine, 2001
- Profitability of Momentum Strategies: An Evaluation of Alternative ExplanationsThe Journal of Finance, 2001
- A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset MarketsThe Journal of Finance, 1999
- Chapter 20 Human behavior and the efficiency of the financial systemPublished by Elsevier ,1999
- Good News for Value Stocks: Further Evidence on Market EfficiencyThe Journal of Finance, 1997
- Contrarian Investment, Extrapolation, and RiskThe Journal of Finance, 1994
- Returns to Buying Winners and Selling Losers: Implications for Stock Market EfficiencyThe Journal of Finance, 1993
- Behavioral Rationality in Finance: The Case of DividendsThe Journal of Business, 1986