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| Tekijä: | Bulmash, S.B. |
| Otsikko: | A behavioral model of stock market investors' impact on consumption |
| Lehti: | Journal of Psychology and Financial Markets
2001 : VOL. 2:3, p. 135-149 |
| Asiasana: | CONSUMER BEHAVIOUR CONSUMPTION INVESTORS |
| Kieli: | eng |
| Tiivistelmä: | This paper offers a theory of investor/consumer behavior in the context of an adaptive relationship. It shows how consumer spending and stock market gains and losses interact in a "gradual diffusion" process. The model offers predictions about likely changes in investor behavior, and the impact on the underlying economy in general and consumption in particular. |
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