Cheung, Ka Shing; Chan, TszKin Julian; Li, Sijie; Yiu, … - In: Journal of risk and financial management : JRFM 14 (2021) 9, pp. 1-22
, behavioral economists argue that the premium is due to buyer anchoring biases in relation to the information. Both theories … intervention. The result implies that the hypothesis of anchoring biases is dominant. …