Asset Pricing with Reference-dependent Preferences
The study suggests that asset prices can be influenced by sentiment-driven preferences, which may explain inconsistencies in stock returns and economic fundamentals.
Featured in No. 99 on 30 May 2025 ·
- Released
- 1 Feb 2023
- First featured
- No. 99 · 30 May 2025
- Published in
- Not yet, as far as Semantic Scholar knows
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- Identifier
- SSRN 5269148
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