Arısoy, Y.E., Bali, T.G., & Tang, Y. (2019). Investor Attention, Sophistication, Regret and Stock Returns.

For the first time in the literature, we introduce a measure of regret for stock market investors and investigate its cross-sectional asset pricing implications. We propose a theoretical framework in which investors experience regret due to not achieving the highest possible return in the same industry with their stock investment… [Read More]