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Full-Text Articles in Economic History
Investor Risk Aversion And The Weekend Effect: The Basics, Michael T. Young
Investor Risk Aversion And The Weekend Effect: The Basics, Michael T. Young
All Faculty Scholarship for the College of Business
This paper provides an explanation of the continued persistence of the weekend effect. Using the 23 non-holiday Wednesday closings of 1968 as a benchmark, it is postulated that negative Monday returns can be explained by risk averse investors reacting to the arrival of new information.