Traditional banks pull out of lower- and median-income neighborhoods the federal program aims to help
Cultural differences and investor behavior can drive reversals and momentum
In a challenging time, collecting and analyzing actual performance data become even more crucial
They counteract the impulses of two other market personality types
Investors’ future expectations about QE policy lowered long-term yields, made investors feel safer holding the bonds
Managing earnings at the cost of privacy
Consumers, on the other hand, gained in good times and bad
Dropping facts into a polarized investor pool reduces the impact of ideology and leads to broader ownership
Overspending rises in times of stress and that affects investment decisions
The shift spreads through auditors to other clients, potentially clouding the financial information investors rely upon
Considered dead, the phenomenon resurfaces in two studies — which are critiqued in a third paper