Speculative Investor Behavior and Learning
- 1 November 1996
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 111 (4) , 1111-1133
- https://doi.org/10.2307/2946709
Abstract
As traders learn about the true distribution of some asset's dividends, a speculative premium occurs as each trader anticipates the possibility of reKeywords
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