Chasing Noise
收藏NBER2010-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w16042
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资源简介：
We present a simple model in which rational but uninformed traders occasionally chase noise as if it were information, thereby amplifying sentiment shocks and moving prices away from fundamental values. We fill a theoretical gap in the literature by showing conditions under which noise traders can
提供机构：
美国国家经济研究局
创建时间：
2010-05-01
