Extreme Categories and Overreaction to News.
What characteristics of news generate over-or-underreaction? We study the asset-pricing consequences of diagnostic expectations, a model of belief formation based on the representativeness heuristic, in a setting where news events are drawn from categories with extreme distributions of fundamentals....
| Publicado en: | Review of Economic Studies Vol. 93; no. 2; pp. 1137 - 1167 |
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| Autores principales: | , |
| Formato: | Artículo |
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Oxford University Press / USA
Mar2026
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| Acceso en línea: | Ver este registro en EBSCOhost |