Dollar Cost Averaging vs Optimal Buy-and-Hold in a Model with Equity Momentum, Reversion, and Mispricing

In a fundamental dynamic allocation model where the equity price process has both momentum and reversion, reflecting transient mispricing, scenarios are found where typical risk-averse investors prefer dollar cost averaging to plunging a lump sum into an optimal buy-and-hold allocation

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Year of publication:	[2022]
Authors:	O'Brien, Thomas J. ; Piros, Christopher D
Publisher:	[S.l.] : SSRN
Subject:	Theorie \| Theory \| Anlageverhalten \| Behavioural finance \| Portfolio-Management \| Portfolio selection \| Börsenkurs \| Share price

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