What Does Matter in Economy Today: When Human Psychology Drives Financial Markets
This paper provides the first evidence for empirical tests of the impact of rational expectations as well as behavioral biases, including among other animal spirits such as defined by Akerlof and Shiller on the variability of trading. Using a daily data for five international capital markets in deve...
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| Format: | Article |
| Language: | English |
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Business School, Holy Spirit University of Kaslik (USEK)
2015-06-01
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| Series: | Arab Economic and Business Journal |
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| Online Access: | http://www.sciencedirect.com/science/article/pii/S2214462515000055 |