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Piehler, 2020 - Google Patents

Prospect Theory and Stock Returns During Bubbles

Piehler, 2020

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Document ID
9627128582037866683
Author
Piehler M
Publication year
Publication venue
Junior Management Science (JUMS)

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Snippet

I test the hypothesis that investors evaluate stocks based on the prospect theory value of the distribution of past returns. Because some investors tilt towards stocks with high prospect theory value, these stocks become overvalued and earn low subsequent returns. During …
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    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
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    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
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