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Stock Market Expectations of Dutch Households
2009
Social Science Research Network
Despite its importance for the analysis of life-cycle behavior, stock ownership by households is poorly understood. Among other approaches to the investigation of this puzzle, recent research has elicited the expectations of stock market returns by individuals. This paper reports findings from a study that collected data over a two-year period both on stock market expectations (subjective probabilities of gains or losses) and on stock ownership. On average stock market expectations are much
doi:10.2139/ssrn.1572373
fatcat:lwfznawttra7xpw5chq5jdvm64