The Price Impact and Survival of Irrational Traders
收藏NBER2003-01-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w9434
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资源简介：
Milton Friedman argued that irrational traders will consistently lose money, won't survive and, therefore, cannot influence long run equilibrium asset prices. Since his work, survival and price influence have been assumed to be the same. Often partial equilibrium analysis has been relied upon to
提供机构：
美国国家经济研究局
创建时间：
2003-01-01
