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their bets farther away from the game day. The better performance of early bettors holds controlling for (time …
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This study analyzes investors' perception of placebic information and its impact on stock price estimates. We initiate a questionnaire-based stock price forecast competition among 196 undergraduate students in business administration. We show that placebic information increases the perceived...
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: Establish a theory -- Chapter 9: Conclusion. …
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