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SUMMARY:Sentiment\, Risk Aversion\, and Time Preference
DTSTART:20151016T103000
DTEND:20151016T120000
DTSTAMP:20260407T034921Z
UID:02b0c4fe2f285c72cb198f1967e8c7d6a4d3afe6fa7941df146828b4
CATEGORIES:Conferences - Seminars
DESCRIPTION:Giovanni BARONE ADESI (Università della Svizzera italiana)\nT
 his paper provides estimates of aggregate preferences\, beliefs\, and sent
 iment from option prices and historical returns. Our market-based estimate
 s correlate well with independent survey-based estimates\, and yet deliver
  several novel insights. Our analysis points out two significant issues re
 lated to overconfidence. First\, the Baker–Wurgler index strongly reflec
 ts excessive optimism but not overconfidence. Second\, optimism and overco
 nfidence comove over time and generate a perceived negative risk-return re
 lationship\, while objectively the relationship is positive.
LOCATION:UNIL\, Extranef\, room 126 https://planete.unil.ch/plan/?local=EX
 T-126
STATUS:CONFIRMED
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