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Journal Articles

The Impact of Order Effects on Nonprofessional Investors' Belief Revision When Presented a Long Series of Disclosures in an Experimental Market Setting

Ronald J. Daigle, Robert E. Pinsker, Terence J. Pitre
Journal: Accounting Horizons
Accounting Horizons (2015) 29 (2): 313–326.
https://doi.org/10.2308/acch-50997
Published: 01 June 2015
... on nonprofessional investors' stock price valuation decisions. Previous experimental research has identified information order effects as a critical factor impacting the decisions made by nonprofessional investors. However, the efficient market hypothesis predicts that individual biases are eliminated...
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