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Behavioural Finance
Kahneman, Knetsch and Thaler (1991) discuss three anomalies: the endowment e ect, loss aversion and status quo bias. Thaler (1992) publishes The Winner’s Curse: Paradoxes and Anomalies of Economic Life. Banerjee (1992) develop a simple model of herd behaviour. Tversky and Kahneman (1992) superseded their original implementation of
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