Shefrin - Behavioral & Neoclassical asset pricing theories - 2008
Shefrin - Behavioral & Neoclassical asset pricing theories - 2008
Shefrin - Behavioral & Neoclassical asset pricing theories - 2008
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Change of Measure is Log-linear<br />
Typical for a variance preserving, right<br />
shift in mean for normally distributed<br />
variable.<br />
This function applies to sentiment of<br />
individual investor as well as to<br />
sentiment of the market.<br />
Copyright Hersh <strong>Shefrin</strong> <strong>2008</strong><br />
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