@article{94185cddd8454326bb7fa4708353d76e,
title = "High Idiosyncratic Volatility and Low Returns: A Prospect Theory Explanation",
author = "Ajay Bhootra and Jungshik Hur",
note = "44 Pages Posted: 15 May 2011 Last revised: 3 Apr 2014 Date Written: May 13, 2011 The well-documented negative relationship between idiosyncratic volatility and stock returns is puzzling if investors are risk-averse. However, under prospect theory, while investors are risk-averse in the domain of gains, they exhibit risk-seeking behavior in the domain of losses.",
year = "2011",
month = may,
day = "13",
doi = "10.2139/ssrn.1840748",
language = "American English",
volume = "44",
journal = "Financial Management",
number = "2",
}