Tuesday, August 11, 2009

Simoleon Sense » Blog Archive » Asset Mispricing Due to Cognitive Dissonance

Simoleon Sense » Blog Archive » Asset Mispricing Due to Cognitive Dissonance:
"My favorite concept from this paper: “To alleviate cognitive dissonance, investors endogenously choose to ignore information that conflicts too much with their ex ante expectations.”"


We see what we want to see.

No comments: