Optimal Beliefs, Asset Prices, and the Preference for Skewed Returns
NBER Working Paper No. 12940
---- Acknowledgements ----
We thank Ing-Haw Cheng, Filippos Papakonstantinou, and seminar participants at MIT and Princeton for helpful comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.