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Adjustment bias on analysts’ forecast

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  • The impact of the anchoring and adjustment bias on analysts’ forecast in Vietnam stock market. In this research, we consider a well-known behavioral bias of financial market participants, the anchoring and adjustment bias described by Tversky and Kahneman (1974). Empirical findings have shown that this heuristic has significant economic consequences for the efficiency of the financial market of Vietnam.

    pdf18p tranminhluanluan 28-05-2018 24 1   Download

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