The Size and Incidence of the Losses from Noise Trading
收藏NBER1989-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2875
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资源简介：
Recent empirical research has identified a significant amount of volatility in stock prices that cannot be easily explained by changes in fundamentals; one interpretation is that asset prices respond not only to news but also to irrational "noise trading." We assess the welfare effects and incidence
提供机构：
美国国家经济研究局
创建时间：
1989-03-01
