Reposted by Aislinn Bohren
Delighted to receive the Journal of Finance DFA First Prize for "Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors"
We show that behavioral econ findings not limited to the lab, they show up amongst the most sophisticated market participants.
papers.ssrn.com
Selling Fast and Buying Slow: Heuristics and Trading Performance of Institutional Investors
Are market experts prone to heuristics, and if so, do they transfer across closely related domains—buying and selling? We investigate this question using a uniq