文章基本信息

标题：A Behavioral Model For Stock Prices
本地全文：下载
作者：N Lalitha ; D N Rao
期刊名称：Contemporary Issues and Ideas in Social Sciences
印刷版ISSN：1817-4604
电子版ISSN：1817-4604
出版年度：2007
卷号：3
期号：2
语种：English
出版社：Soc Rsch Soc Sci & Contig Disc
摘要：Multi-factor models have been popularly used to explain asset market behavior. The Fama and French three-factor model fitted on the sample set of new economy stocks for the study period of late nineties to early 2000s, however, fails to give adequate explanation of the stock market behavior. A behavioral model built on the assumption of bounded rationality and biases in investor behavior seems to offer a better explanation of the stock price behavior.