TY  - BOOK
AU  - Pastor,Lubos
AU  - Veronesi,Pietro
ED  - National Bureau of Economic Research.
TI  - Learning in Financial Markets
T2  - NBER working paper series
PY  - 2009///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - January 2009; Hardcopy version available to institutional subscribers
N2  - We survey the recent literature on learning in financial markets. Our main theme is that many financial market phenomena that appear puzzling at first sight are easier to understand once we recognize that parameters in financial models are uncertain and subject to learning. We discuss phenomena related to the volatility and predictability of asset returns, stock price bubbles, portfolio choice, mutual fund flows, trading volume, and firm profitability, among others
UR  - https://www.nber.org/papers/w14646
UR  - http://dx.doi.org/10.3386/w14646
ER  -