Feng_Seasholes外文电子书籍.PDFVIP

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Review of Finance (2005) 9: 305–351 © Springer 2005 DOI 10.1007/s10679-005-2262-0 Do Investor Sophistication and Trading Experience Eliminate Behavioral Biases in Financial Markets? LEI FENG1 and MARK S. SEASHOLES2 1Bear Stearns and Co; 2 U.C. Berkeley D Abstract. This paper provides an in depth analysis of an investor’s reluctance to realize losses and o

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