Huefner, Bernd; Rueenaufer, Marcel; Boesch, Martin - In: Review of Financial Economics 41 (2023) 4, pp. 465-492
selecting stocks that seem cheap relative to their intrinsic value and fundamental quality. We use Bayesian inference to account … that invests in cheap quality stocks and sells expensive junk stocks selected via Bayesian inference yields high risk … findings suggest that while the relative benefit of accounting for uncertainty via Bayesian inference is not large over shorter …