View:
- no detail
- some detail
- full detail
Open‐Ended Mutual Funds: Misframing, “Hot Hands,” and Obfuscation Games
Hersh Shefrin
in Beyond Greed and Fear: Understanding Behavioral Finance and the Psychology of Investing
- Published in print:
- 2002
- Published Online:
- November 2003
- ISBN:
- 9780195161212
- eISBN:
- 9780199832996
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0195161211.003.0012
- Subject:
- Economics and Finance, Financial Economics
Misframing and heuristic‐driven bias combine to confuse investors about the relative contributions of skill and luck in fund performance. Investors invariably attribute excessive weight to skill, and ... More
View:
- no detail
- some detail
- full detail
