Noise trader risk in financial marketsLawrence H SummersRobert J WaldmannWe present a simple overlapping generations model of an asset market in which irrational noise traders with erroneous stochastic beliefs both affect prices and earn higher expected returns. The unpredictability of noise traders' ...
Bradford DeLongDecember, 1989Noise Trader Risk in Financial MarketsJ. Bradford DeLongAvailable at:ht t p://works.bepress.com/brad_delong/8/ 文档格式:PDF | 页数:49 | 浏览次数:153 | 上传日期:2017-07-05 21:11:36 | 文档星级: University of California, BerkeleyFrom the SelectedWorks of J....
Noise Trader Risk in Financial MarketsAuthor(s): J. Bradford De Long, Andrei Shleifer, Lawrence H. Summers and Robert J.WaldmannSource: Journal of Political Economy, Vol. 98, No. 4 (Aug., 1990), pp. 703-738Published by: The University of Chicago PressStable URL: http://www.jstor.org...
noiserisktradermarketstradersfinancial NoiseTraderRiskinFinancialMarkets J.BradfordDeLong HarvardUniversityandNBER AndreiShleifer UniversityofChicagoandNBER LawrenceH.Summers HarvardUniversityandNBER RobertJ.Waldmann EuropeanUniversityInstitute FirstDraft:December,1986 ThisDraft:December,1989 2 ABSTRACT Wepresentasimple...
noise trader risk in financial markets 热度: 金融市场的参与者(Participants in financial markets) 热度: financial markets and institutions 金融市场与机构 热度: NoiseTraderRiskinFinancialMarkets Author(s):J.BradfordDeLong,AndreiShleifer,LawrenceH.SummersandRobertJ. ...
Noise Trader Risk in Financial Markets:(噪声交易者风险在金融市场).pdf,University of California, Berkeley From the SelectedWorks of J. Bradford DeLong December, 1989 Noise Trader Risk in Fi ancial Markets J . Bradford DeLo g Available at : /brad_delo g
Noise Trader Risk in Financial Markets J. Bradford De Long Harvard University and NBER Andrei Shleifer University of Chicago and NBER Lawrence H. Summers Harvard University and NBER Robert J. Waldmann European University Institute First Draft: December, 1986 This Draft: December, 1989 2 ABSTRACT We...
Noise Trader Risk in Financial MarketsJ. Bradford De Long; Andrei Shleifer; Lawrence H. Summers; Robert J. WaldmannThe Journal of Political Economy, Vol. 98, No. 4. (Aug., 1990), pp. 703-738.Stable URL:http://links.jstor.org/sici?sici=0022-3808%28199008%2998%3A4%3C703%3ANTRIFM%3E...
Noise Trader Risk in Financial MarketsJ. Bradford De Long;Andrei Shleifer;Lawrence H. Summers;Robert J. WaldmannTheJour nalofPol i t i calEconomy, Vol. 98, No. 4. (Aug., 1990), pp. 703-738.Stable URL:http://links.jstor.org/sici?sici=0022-3808%28199008%2998%3A4%3C703%3ANTRIFM%3E...
During financial crisis, the noise trader risk also existed in Shanghai and Shenzhen stock markets. There is no obvious correlation between noise trader ... X Ju 被引量: 0发表: 2014年 噪声交易者风险存在性与补偿性:基于中国封闭式基金市场的实证分析 The results are as follows: first, there is...