Adam, Klaus (contributor); Marcet, Albert (contributor); … - 2008
WORKING PAPER SERIES
NO 862 /FEBRUARY2008
STOCK MARKET
VOLATILITY
AND LEARNING
byKlaus Adam,Albert Marcet
and JuanPablo ….
STOCK MARKET VOLATILITY AND
LEARNING
1
Klaus Adam
2
,
Albert Marcet
3
and Juan Pablo Nicolini
4
This paper can be downloaded … higher (lower)
than previously expected capital gains in the stock market. We show how even
weak feedback of this kind can …