Construct · 1 fields · 1 citations

excess volatility: a standalone construct

One name. One construct. A landmark on the map.

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Asset pricing

stock prices fluctuating far more than can be justified by later changes in the dividends they are supposed to forecast.

In asset pricing, excess volatility refers to stock prices fluctuating far more than can be justified by later changes in the dividends they are supposed to forecast. This meaning comes from Shiller (1980) in Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends?.[1]

Unit
Recovery means
Measured by

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Nearby constructs

asset2 fields · 2 citationsjingle · one word, two constructs efficient market hypothesis3 fields · 8 citationsjingle · one word, three constructs stock2 fields · 2 citationsjingle · one word, two constructs

References

Shiller, R. (1980). Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends?. National Bureau of Economic Research. https://doi.org/10.3386/w0456

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