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Episode 258: Prof. Meir Statman: Financial Decisions for Normal People

The Rational Reminder Podcast

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Why Normal Investors Prefer Cash Dividends Over Rational Investors

For some of us being rich means a startup with wonderful ideas that grows into a Google but for many other people especially as they get older it is buying a lottery ticket. I'd like to go back to your comments on dividends what is the explanation for why normal investors have a preference for cash dividends when rational investors should be indifferent.

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