Carlin, Bruce I.; Longstaff, Francis A.; Matoba, Kyle - In: Journal of Financial Economics 114 (2014) 2, pp. 226-238
How do differences of opinion affect asset prices? Do investors earn a risk premium when disagreement arises in the market? Despite their fundamental importance, these questions are among the most controversial issues in finance. In this paper, we use a novel data set that allows us to directly...
