Calvo Pardo, Héctor F.; Oliver, Xisco; Arrondel, Luc - In: Journal of risk and financial management : JRFM 15 (2022) 1, pp. 1-29
Exploiting a representative sample of the French population by age, wealth, and asset classes, we document novel facts about their expectations and perceptions of stock market returns. Both expectations and perceptions of returns are very dispersed, significantly lower than their data...
