no code implementations • 9 Oct 2017 • Svetlozar Rachev, Stoyan Stoyanov, Stefan Mittnik, Frank J. Fabozzi, Abootaleb Shirvani
In this paper we address three main objections of behavioral finance to the theory of rational finance, considered as anomalies the theory of rational finance cannot explain: Predictability of asset returns, The Equity Premium, (The Volatility Puzzle.
