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We find that the low average returns to firms with high asset growth are consistent with two key implications of models of diagnostic investor expectations (e.g., Bordalo, Gennaioli, La Porta, and Shleifer, 2019) that formalize the representativeness heuristic of Kahneman and Tversky (1972)....
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The main goal of this paper is to adopt a multidimensional approach to poverty that goes beyond focusing on a unidimensional measure of income or expenditure when attempting to ascertain the main aspects of the living conditions of households. In order to obtain multidimensional poverty measures...
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