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Which of the following is not a possible explanation of the volatility puzzle? Investors may have dynamic loss aversion. Investors may be overconfident. Investors may
Which of the following is not a possible explanation of the volatility puzzle?
- Investors may have dynamic loss aversion.
- Investors may be overconfident.
- Investors may suffer from the money illusion.
- Investors may suffer from the conservatism bias.
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