That's interesting.
Would you mind sharing the title of the book you're reading?
Would this suggest markets are geared to go against what mum and dad investors are anticipating, regardless of available information, or people trying to make informed investment decisions actually seek information to validate their decision though it may go against their better judgement? Or something else?
I found some pieces from the researcher during a quick search.
1. Paul Andreassen, »On the Social Psychology of the Stock Market – Aggregate Attributional Effects and the Regressiveness of Predictions«, Journal of Personality and Social Psychology 53/1987, S. 490-498.
2. Article - Judgmental extrapolation and market overreaction: On the use and disuse of news, Paul B. Andreassen
One thing I've learnt from the stock market these past few years is that I've learnt very little.
What's the definition of insanity again?
That's interesting.Would you mind sharing the title of the book...
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