tailieunhanh - A behavioral perspective on sell-side analysts

This paper discusses three papers which examine sell-side analysts from the perspective of Behavioral Finance: Limkriangkrai and Durand, forthcoming; Durand, Limkriangkrai and Fung, 2014; and Durand, Limkriangkrai and Fung, 2019. Distraction, attention, herding, and overconfidence are behavioral phenomena inextricably entangled with the information analysts produce. The paper proposes that such entanglement may be a useful concept to explain deviations from prima facie correct pricing. |

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