Aggregated Versus Disaggregated Forward Looking Information: Effects on Risk Taking
In previous research, aggregation of returns has been found as a way to counteract the risk averse behavior that is the result of investors' myopia. This paper expands the study of aggregation by analyzing its effect on forward looking probabilities. Namely, through the disaggregation of future...
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Scholarship @ Claremont
2012
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| Online Access: | http://scholarship.claremont.edu/cmc_theses/398 http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=1404&context=cmc_theses |