After a sharp price increase, the market collapses quickly again, but even after the crash, the market remains overvalued.
At that time, its exchange rate was not so overvalued and fiscal policy was far more prudent than in 1997 and 1998.
We can observe, however, phases in which the asset is undervalued (compared to the fundamental price) alternating with episodes in which it is overvalued.
The overvalued exchange rate that encouraged food imports was only corrected in 1994.
Over the next few years, an overvalued currency and growing foreign debt further aggravated that crisis.
The utility function for losses is 'steeper' than for gains, so losses are overvalued compared to equal gains.
Their contribution is seen as often overvalued, except perhaps as founding myths.
More important, semantic bleaching is treated as an overvalued tendency and epiphenomenal, though ' basic metaphorical extensions ' are found repeatedly across languages (658).
