Before revision: How do financial crises and stock-market fluctuations affect investor behavior and the dynamicsof financial markets in the long run ? Recent evidence suggests that individuals overweight personal experiences of macroeconomic shocks when forming beliefs and making investmentdecisions.
After revision: How do macro-financial shocks affect investor behavior and the dynamicsof financial markets in the long run ? Recent evidence suggests that individuals overweight personal experiences of macroeconomic shocks when forming beliefs and making investmentdecisions.