Affiliation:
1. Freelance writer 4 North Several, London SE3 0QR, UK; tel/fax 0181 318 7132.
Abstract
If the stockmarket is efficient, and if few investors can beat the market, why are most portfolios managed actively (seeking mispriced assets) rather than passively (matching an index)? This article looks at three possible explanations, favouring an explanation in terms of cognitive psychology.
Subject
Economics and Econometrics
Cited by
2 articles.
订阅此论文施引文献
订阅此论文施引文献,注册后可以免费订阅5篇论文的施引文献,订阅后可以查看论文全部施引文献
1. Availability Heuristic: An Overview and Applications;Highlights in Business, Economics and Management;2022-11-28
2. Sticky Stock Market Analysts;Journal of Risk and Financial Management;2021-12-09