2 Pages Posted: 5 May 2013
Date Written: April 21, 2013
Abstract: While the popularity of behavioral finance has increased and behavioral biases have got so pervasive that everybody seems to be biased, the question is whether the behavioral finance experts are bias free? If mean reversion failure is the ubiquitous phenomenon witnessed across markets and nature, then is psychology or mood not just a tail explanation of an elephant phenomenon?
Keywords: Stock market volatility, Mean Reversion, Temporal Changes, Non Normal Distributions
JEL Classification: G10
Suggested Citation: Suggested Citation