Jussi Keppo,Tyler Shumway,Daniel Weagley
Jussi Keppo
We document significant persistence in the market timing performance of active individual investors, suggesting that some investors are skilled at timing. Using data on all trades by active Finnish individual investors over almost 15 years,...
Jawad M Addoum,Stefanos Delikouras,George M Korniotis
Jawad M Addoum
Contrary to the predictions of traditional life-cycle models, household consumption is excessively sensitive to current income. Similarly, weak evidence of income hedging runs against standard portfolio theory. We link these two puzzles by ...
Elton, E. J.; Gruber, M. J.; Blake et al.
Elton et al.
Berk, J. B.; Walden, J.
Berk
Huang, J.-Z.; Huang, M.
Huang
Duffie, D.; Zhu, H.
Duffie
Safety First, Learning Under Ambiguity, and the Cross-Section of Stock Returns [0.03%]
安全第一，模糊环境下的学习，以及股票收益的横截面
Viale, A. M.; Garcia-Feijoo, L.; Giannetti et al.
Viale et al.