How the disposition effect may explain momentum: the relationship between investment behavior biases and brazilian market movements
Momentum is one of the most robust anomalies in financial markets, there are two main recent explanations for this phenomenon, a behavioral-based explanation through disposition-effect (i.e., the willingness to sell \"winners\" too quickly and to hold \"losers\" for a long ti...
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| Language: | English |
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Universidade de São Paulo
2018
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| Online Access: | http://www.teses.usp.br/teses/disponiveis/12/12138/tde-13112018-130943/ |