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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My prediction is that <strong>asset</strong> <strong>pricing</strong> theory<br />
will develop around some alternative<br />
psychologically-based risk theory to<br />
capture behavioural preferences.<br />
<strong>Shefrin</strong>-Statman (2000) develop<br />
behavioural portfolio theory around<br />
SP/A theory (Lopes 1987).<br />
Copyright Hersh <strong>Shefrin</strong> <strong>2008</strong><br />
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