The short of it: Investor sentiment and anomalies$ Robert F. Stambaugh a,b,n , Jianfeng Yu c,1, Yu Yuan a,2
时间: 2023-06-24 09:06:30 浏览: 50
The article discusses the relationship between investor sentiment and market anomalies. The authors argue that investor sentiment, which refers to the overall mood or attitude of investors towards the market, can lead to market anomalies, which are patterns or trends in the market that cannot be explained by traditional economic models. They provide evidence from empirical studies that shows how investor sentiment can explain the occurrence of market anomalies such as momentum, value, and size effects. The authors suggest that understanding the role of investor sentiment in the market can help investors make better investment decisions and improve our overall understanding of financial markets.