Sutter, Matthias; Huber, Jürgen; Kirchler, Michael - 2008
inexperienced traders, we argue that there is heterogeneity across traders on
real markets with respect to their knowledge about … real
financial markets spend a lot of money and time to gain knowledge about future cash flows as
an indicator of a … company’s fundamental value, it is hardly possible to control for traders’
knowledge (and the accuracy of this knowledge …