Can behavioral finance models account for historical asset prices?

I construct a behavioral model of asset pricing in which agents choose whether to base their expectations on chartist or fundamental forecasts. I find that the model cannot be rejected as the data generating process for the FTSE All-Share Index.

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Year of publication:	2010
Authors:	ap Gwilym, Rhys
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 108.2010, 2, p. 187-189
Publisher:	Elsevier
Subject:	Behavioral finance Asset pricing

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Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008866889