Finding 5823Emerging EvidenceValidation V0
Even rational traders, chasing short-term gains, can collectively create market anomalies like volatility smiles, return predictability, and pricing kernel distortionschallenging the idea that only psychological biases drive inefficiencies.
78%Confidence
1Evidence objects
v1Version
DraftStatus
Evidence trail
Supporting78% linkage confidence
Even rational traders, chasing short-term gains, can collectively create market anomalies like volatility smiles, return predictability, and pricing kernel distortionschallenging the idea that only psychological biases drive inefficiencies.
key_findings bullet 2 · key_findings
Inspect source: Misspecified Fear or Model Choice? Evidence from Financial Markets →This Finding was extracted from the configured corpus. It is versioned, traceable, and may evolve through editorial review or new corpus evidence.