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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Empirical Evidence<br />
on Investor Mix<br />
Several sources for return expectations<br />
UBS/Gallup for individual investors<br />
Livingston data for professional forecasters<br />
Wall $treet Week for analysts, strategists,<br />
and money managers<br />
BusinessWeek for market strategists.<br />
What do the distributions look like?<br />
Copyright Hersh <strong>Shefrin</strong> <strong>2008</strong><br />
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