好得不像真的一种理论

IF 2.1 4区经济学 Q2 ECONOMICS

Economics Letters Pub Date : 2024-09-16 DOI:10.1016/j.econlet.2024.111970

John R. Conlon , Feng Liu

引用次数: 0

摘要

我们使用具有两个聚类的高斯混合先验来解释市场恐惧。我们的研究表明，出人意料的积极信号会动摇投资者对市场理解的信心，并在此过程中降低他们对资产价值的预期。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Too good to be true: A theory

We use a Gaussian mixture prior with two clusters to explain market fears. We show that a surprisingly positive signal can shake investors’ confidence in their understanding of the market, and in the process, potentially lower their expectation of an asset’s value.

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来源期刊

Economics Letters ECONOMICS-

CiteScore

3.20

自引率

5.00%

发文量

348

审稿时长

30 days

期刊介绍： Many economists today are concerned by the proliferation of journals and the concomitant labyrinth of research to be conquered in order to reach the specific information they require. To combat this tendency, Economics Letters has been conceived and designed outside the realm of the traditional economics journal. As a Letters Journal, it consists of concise communications (letters) that provide a means of rapid and efficient dissemination of new results, models and methods in all fields of economic research.