Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/65836 
Authors: 
Year of Publication: 
2009
Series/Report no.: 
Cardiff Economics Working Papers No. E2009/17
Publisher: 
Cardiff University, Cardiff Business School, Cardiff
Abstract: 
I construct a behavioral model of asset pricing in which agents choose whether to base their expectations on chartist or fundamental forecasts. I simulate the model in order to test its efficacy in explaining the moments and time series properties of the FTSE All-Share index, and find that the model cannot be rejected as the data generating process.
Subjects: 
Behavioral finance
Asset pricing
JEL: 
G12
D03
Document Type: 
Working Paper

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