Dispersion of beliefs, ambiguity, and the cross-section of stock returns

Dispersion of beliefs, ambiguity, and the cross-section of stock returns

Dispersion of beliefs, ambiguity, and the cross-section of stock returns

please answer these questions

1) What is the key asset pricing factor proposed in the paper?

2) Why is the asset pricing factor important?

Show ONE key table (or figure) to explain the empirical test of the proposed asset pricing factor

3) What contribution does the study make to the assets pricing literature or investment practices?