How is the Volatility Priced by the Stock Market?
Traditional portfolio theory suggests that, in equilibrium, only the market risk is priced in the cross-section of expected stock returns. However, if the market is not perfect and investors are constantly changing investing behaviors based on their perceptions about future market outlook, then non-...
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| Format: | Others |
| Language: | English |
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University of North Texas
2020
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| Online Access: | https://digital.library.unt.edu/ark:/67531/metadc1707393/ |