Hillebrand, Eric - 2003 - [Elektronische Ressource]
Mean reversion, volatility persistence, long memory, time scales, stochastic volatility, GARCH, spurious long memory …. - I discuss mean reversion in the first and the second moment of the return distribution. After a discussion of the … concepts and a summary of the findings in the literature, I show that investorś perceptions of mean reversion play a role in …