The 52-week high, momentum, and investor sentiment
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DOI: 10.1016/j.irfa.2018.01.014
Abstract: Abstract This paper examines the link between the profitability of the 52-week high momentum strategy and investor sentiment. We hypothesize that investors' investment decisions are subject to behavioral biases when the level of investor sentiment… read more here.
Keywords: week high; investor sentiment; sentiment; high momentum ... See more keywords
Does Probability Weighting Drive Lottery Preferences?
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DOI: 10.1080/15427560.2019.1672167
Abstract: Abstract We propose a test of the theory of skewness preferences. The probability weighting feature that is the basis of their theory relies on investors overweighting the probability of extreme, positive returns. The resulting investor… read more here.
Keywords: probability; week high; preferences probability; probability weighting ... See more keywords