William Dickens wrote:
> However, as I recall, the increase in expected returns that one gets by following
>such a strategy are measured in basis points, not percentage points as some advocates
>of this approach would suggest.
So Bill, are you willing to stick your neck out regarding the January
effect? Thaler says average ROR in January is 3.5%, versus an average
of .5% for all other months. Is this another case of basis points being
exagerated into percentage points?
--
Prof. Bryan Caplan
Department of Economics George Mason University
http://www.bcaplan.com [EMAIL PROTECTED]
"Smerdyakov suddenly raised his eyes and smiled. 'Why I smile
you must understand, if you are a clever man,' he seemed to say."
Fyodor Dostoyevsky, *The Brothers Karamozov*
