Optimal Beliefs, Asset Prices, and the Preference for Skewed Returns
American Economic Review
vol. 97,
no. 2, May 2007
(pp. 159-165)
Citation
Brunnermeier, Markus, K., Christian Gollier, and Jonathan A. Parker. 2007. "Optimal Beliefs, Asset Prices, and the Preference for Skewed Returns." American Economic Review, 97 (2): 159-165. DOI: 10.1257/aer.97.2.159Additional Materials
JEL Classification
- D83 Search; Learning; Information and Knowledge; Communication; Belief
- D84 Expectations; Speculations
- G11 Portfolio Choice; Investment Decisions
- G12 Asset Pricing; Trading Volume; Bond Interest Rates