Finance and Economics Discussion Series: Do Behavioral Biases Adversely Affect the Macro-Economy by Alok Kumar, George M. Korniotis

Finance and Economics Discussion Series: Do Behavioral Biases Adversely Affect the Macro-Economy

Alok Kumar, George M. Korniotis

60 pages missing pub info (editions)

nonfiction politics
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This study investigates whether the adverse effects of investors' behavioral biases extend beyond the domain of financial markets to the broad macro-economy. We focus on the risk sharing (or income smoothing) role of financial markets and demonstr...

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