NZZ news article about a research project of Zwetelina Iliewa and her colleagues: "Wenn das Bauchgefühl Rendite kostet"
Zwetelina Iliewa and her colleagues examine the stock market expectations of financial professionals. The result: Experts' expectations about future stock market returns are driven by their personal experiences instead of objective financial information. In particular, the market development right after their career start in the finance industry leaves a lasting impression that does not fade away until retirement. Wenn das Bauchgefühl Rendite kostet, NZZ, 30.9.2019