Thursday, August 12, 2004

SSRN-The Rational-Behavioral Debate in Financial Economics by Alon Brav, James Heaton , Alex Rosenberg

SSRN-The Rational-Behavioral Debate in Financial Economics by Alon Brav, James Heaton , Alex Rosenberg

Looking for a finance paper without complex models or rigorous math? This is it! Brav, Heaton, and Rosenberg discuss the debate over behavioral finance and conclude that neither side is totally correct.


Most of the existing debate centers on findings of apparent irrationality (example over

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