Positive Feedback Investment Strategies and Destabilizing Rational Speculation
收藏NBER1989-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w2880
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资源简介：
Analyses of the role of rational speculators in financial markets usually presume that such investors dampen price fluctuations by trading against liquidity or noise traders. This conclusion does not necessarily hold when noise traders follow positive-feedback investment strategies buy when prices
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美国国家经济研究局创建时间：
1989-03-01
