Yes, Discounts on Closed-End Funds Are a Sentiment Index

Authors

  • NAVIN CHOPRA,

  • CHARLES M. C. LEE,

  • ANDREI SHLEIFER,

  • RICHARD H. THALER

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    • The authors are from, respectively, the School of Business, Temple University, University of Michigan Business School, Harvard University, and Johnson Graduate School of Management, Cornell University. We thank Greg Brauer for providing the weekly discount data.


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