Rachev, Svetlozar T. - 2020
“anomalies” the theory of rational finance cannot explain: (i) Predictability of asset returns; (ii) The Equity Premium; (iii … are the only possible explanations of the “anomalies”, but offer statistical models within the rational theory of finance … which can be used without relying on behavioral finance assumptions when searching for explanations of those “anomalies” …