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Investor Overconfidence and the Forward Discount Puzzle

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  • Tracy Yue Wang

    (University of Minnesota)

  • David Hirshleifer

    (University of California at Irvine)

  • Bing Han

    (University of Texas at Austin)

Abstract

Parity, and whether the test is cross-sectional versus time series.

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Bibliographic Info

Paper provided by Society for Economic Dynamics in its series 2010 Meeting Papers with number 1201.

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Date of creation: 2010
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Handle: RePEc:red:sed010:1201

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References

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Cited by:
  1. Craig Burnside & Martin S. Eichenbaum & Sergio Rebelo, 2007. "Understanding the Forward Premium Puzzle: A Microstructure Approach," NBER Working Papers 13278, National Bureau of Economic Research, Inc.
  2. Jylhä, Petri & Suominen, Matti, 2011. "Speculative capital and currency carry trades," Journal of Financial Economics, Elsevier, vol. 99(1), pages 60-75, January.

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