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Managerial overconfidence in capital structure decisions and its link to aggregate demand: An agent-based model perspective

OBJECTIVE: This study aims to connect two strands of the psychology and economics literature, i.e., behavioural finance and agent-based macroeconomics, to assess the impact of managerial overconfidence at the micro and macro levels of the economy as a whole. METHOD: We build a macroeconomic stock-fl...

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Detalles Bibliográficos
Autores principales: Rzeszutek, Marcin, Godin, Antoine, Szyszka, Adam, Augier, Stanislas
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Public Library of Science 2021
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC8376048/
https://www.ncbi.nlm.nih.gov/pubmed/34411130
http://dx.doi.org/10.1371/journal.pone.0255537