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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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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. Burnside, A Craig & Eichenbaum, Martin & Rebelo, Sérgio, 2007. "Understanding the Forward Premium Puzzle: A Microstructure Approach," CEPR Discussion Papers 6399, C.E.P.R. Discussion Papers.
  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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