Langer, Thomas; Nauhauser, Niels - Sonderforschungsbereich 504 "Rationalitätskonzepte, …; … - 2002
In this paper, we analyze the cost average (CA) phenomenon that many practitioners assume to have a positive impact on the success of a stock investment. We present conceptual thoughts on the appropriate way of measuring the return of different strategies and compare the risk/return...