Noise Traders and Herding Behavior

Noise Traders and Herding Behavior
Recent developments in financial economics have included many explorations into market microstructure, that is, the internal functioning of markets and the ways in which they provide liquidity to traders. An important contribution of this literature is that prices can deviate from their fundamental values. This paper describes models of... READ MORE...

Publication date: September 1996
ISBN 9781451947960
$15.00

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