Phân tích tư tưởng của nhân dân qua đoạn thơ: Những người vợ nhớ chồng… Những cuộc đời đã hóa sông núi ta trong Đất nước của Nguyễn Khoa Điềm
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the absence of further guidance on the relative importance of the two argu-
ments, our prior about the relative smartness of institutional versus individual
money f lows remains neutral.With regard to the direction ofmoney f lows, there
are at least two reasons to believe that investors’ fund sells have a weaker as-
sociation with future performance than their fund buys. First, the disposition
effect discussed in Odean (1998) suggests that sell decisions are generally not
optimallymade. Second, fund redemptions aremore likely than fund purchases
to be due to factors unrelated to future performance, such as liquidity needs or
taxes....
Nội dung trích xuất từ tài liệu:
Consumer Interest Rates and Retail Mutual Fund Flows
