Eagle, David; Djatej, Arsen M.; Sarikas, Robert H.S.; … - In: International Journal of Monetary Economics and Finance 3 (2010) 4, pp. 374-393
This paper introduces the indexing paradox, which states that it if all investors are rational with rational expectations and have a common risk-averse investment performance measure, then no investor can expect to do better than the market. If the cost of indexing is less than the cost of...
