Showing posts with label Research - Stock Market. Show all posts
Showing posts with label Research - Stock Market. Show all posts
Thursday, 15 March 2012
Monday, 12 March 2012
Dividend Innovations and Stock Price Volatility
Dividend Innovations
and
Stock Price Volatility
In a famous passage, Keynes, for example, described the stock market as a certain type of beauty contest in which judges try to guess the winner of the contest: speculators devote their "intelligence to anticipating what average opinion expects average opinion to be" (1964, p.136)
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