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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The AFLAC Duck<br />
Behavioural Arrow-Debreu ’87<br />
WFA ’89<br />
<strong>Shefrin</strong>-Statman ’94<br />
Chicago Board of Trade ’97<br />
Univ Michigan ’99<br />
<strong>Neoclassical</strong> & behavioural status<br />
quo bias?<br />
It’s sentiment<br />
~ change of measure!<br />
Copyright Hersh <strong>Shefrin</strong> <strong>2008</strong><br />
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