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DeBondt Thaler 1985 by Jarrad Prida is a document available to read on EtoBox.
The study by De Bondt and Thaler investigates whether the stock market overreacts to unexpected news, suggesting that individuals often overweight recent information in their decision-making, leading to market inefficiencies. Empirical evidence supports the overreaction hypothesis, revealing that extreme movements in stock prices are often followed by subsequent price adjustments in the opposite direction. The findings indicate that portfolios of
- Author
- Jarrad Prida
- Language
- EN