Herd on the Street: Informational Inefficiencies in a Market with Short-Term Speculation
收藏NBER1990-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3250
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资源简介：
Standard models of informed speculation suggest that traders try to learn information that others do not have. This result implicitly relies on the assumption that speculators have long horizons, i.e, can hold the asset forever. By contrast, we show that if speculators have short horizons, they may
提供机构：
美国国家经济研究局
创建时间：
1990-02-01
