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| Titel: |
Rationality and Stock Market Behavior: What Theoretical Framework (If Any?) |
| Auteur: |
Sacco, Pier Luigi |
| Verschenen in: |
International economic journal |
| Paginering: | Jaargang 5 (1991) nr. 4 pagina's 17-41 |
| Jaar: |
1991 |
| Inhoud: |
To the current state of knowledge the explanation of stock market behavior raises difficult theoretical problems. In this paper a critical review of the theoretical research on the issue is made. The traditional adaptive characterization of rationality is criticized, and it is proposed that a new theoretical framework, namely the projectual characterization of rationality, might be the right perspective from which to look at the thing. The empirical implications of this new approach, and its implications in terms of testable propositions are at the moment poorly understood, however; some suggestions for future research, both theoretical and empirical, are provided. [G14] |
| Uitgever: |
Routledge |
| Bronbestand: |
Elektronische Wetenschappelijke Tijdschriften |
Details van artikel 4 van 7 gevonden artikelen
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