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Behavioral Finance - Asset Prices Predictability, Equity Premium Puzzle, Volatility Puzzle: The Rational Finance Approach
| Content Provider | Scilit |
|---|---|
| Author | Rachev, Svetlozar T. Stoyanov, Stoyan Veselinov Mittnik, Stefan Fabozzi, Frank J. Shirvani, Abootaleb |
| Copyright Year | 2020 |
| Description | Journal: SSRN Electronic Journal In this paper we address three main objections of behavioral finance to the theory of rational finance, considered as “anomalies” the theory of rational finance cannot explain: (i) Predictability of asset returns; (ii) The Equity Premium; (iii) The Volatility Puzzle. We offer resolutions of those objections within the rational finance. We do not claim that those are the only possible explanations of the “anomalies”, but offer statistical models within the rational theory of finance which can be used without relying on behavioral finance assumptions when searching for explanations of those “anomalies”. |
| Related Links | http://arxiv.org/pdf/1710.03211 https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=3531387 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.3531387 |
| Journal | SSRN Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2020-02-04 |
| Access Restriction | Open |
| Subject Keyword | Journal: SSRN Electronic Journal Applied Ethics Behavioral Finance Rational Finance |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |
