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Wirtschaftswissenschaftliche Fakultät, Universität Hannover >
Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Universität Hannover >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/22421
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| Title: | | Do Fund Managers Expect Mean Averting Returns?  |
| Authors: | | Stotz, Olaf Lütje, Torben Menkhoff, Lukas von Nitzsch, Rüdiger |
| Issue Date: | | 2004 |
| Series/Report no.: | | Diskussionspapiere des Fachbereichs Wirtschaftswissenschaften, Universität Hannover 309 |
| Abstract: | | This paper finds that fund managers do not expect mean reverting returns, as suggested by theory and empirical evidence, but mean averting returns. The degree of mean aversion is positively related to preferences for non-fundamental information and loss aversion. |
| Subjects: | | Mean aversion return expectations non-fundamental information loss aversion |
| JEL: | | G14 G12 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Diskussionspapiere, Wirtschaftswissenschaftliche Fakultät, Universität Hannover
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