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Working Paper

Do 'sophisticated' investors believe in the law of small numbers?

Erasmus University Working Paper No. ERS-2006-033-F&A
Guillermo Baquero, Marno Verbeek (2008)
Subject(s)
Finance, accounting and corporate governance
Keyword(s)
Law of small numbers, performance persistence, overreaction, hedge fund investors, hot-hand bias
JEL Code(s)
G11, G14, G23