Our finding shows that analyst underreaction to new information may be compounded by the conservatism resulted from previous disappointments.
显示先前推荐为挫折经验所造为,会加重其对后续新资讯反应不足现象。
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Basically, we're talking about overreaction and underreaction, if that's an easy way to see it.
基,们讨论的是过度反应反应不足,如果这样理容易的话。
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