Abstract
Jianfeng Yu of the University of Minnesota and PBCSF, Tsinghua University reviews “Asset Price Response to New Information: The Effects of Conservatism Bias and Representativeness Heuristic”, by Guo Yin Luo. The Econlit abstract of this book begins: “Examines the role of conservatism bias and representativeness heuristic in determining asset price overreaction or underreaction to new information. Discusses conservatism bias and asset price overreaction or underreaction to new information in a competitive securities market; conservatism bias and asset price overreaction or underreaction to new information in the presence of strategic interaction; representativeness heuristic and asset price overreaction or underreaction to new information in a competitive securities market; representativeness heuristic and asset price overreaction or underreaction to new information in the presence of strategic interaction; and the presence of representativeness heuristic and conservatism bias in an asset market. Luo is in the DeGroote School of Business at McMaster University.”
Published Version
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