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Underreaction to fundamental information and asymmetry in mispricing between bullish and bearish markets. An experimental study
16 references·12 citing·28 second hop
Underreaction to fundamental information and asymmetry in mispricing between bullish and bearish markets. An experimental study (2008)Underreaction to fundamental information …z-Tree: Zurich toolbox for ready-made economic experiments (2007)z-Tree: Zurich toolbox for re…Scaling and criticality in a stochastic multi-agent model of a financial market (1999)Scaling and criticality in a …Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Market efficiency, long-term …Heterogeneous beliefs and routes to chaos in a simple asset pricing model (1998)Heterogeneous beliefs and rou…Evidence that stock prices do not fully reflect the implications of current earnings for future earnings (1990)Evidence that stock prices do…Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium? (1989)Post-Earnings-Announcement Dr…Informed Speculation with Imperfect Competition (1989)Informed Speculation with Imp…Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets (1988)Bubbles, Crashes, and Endogen…Further Evidence On Investor Overreaction and Stock Market Seasonality (1987)Further Evidence On Investor …Does the Stock Market Overreact? (1985)Does the Stock Market Overrea…Continuous Auctions and Insider Trading (1985)Continuous Auctions and Insid…Bubbles, Rational Expectations and Financial Markets (1982)Bubbles, Rational Expectation…On the Impossibility of Informationally Efficient Markets (1980)On the Impossibility of Infor…Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends? (1980)Do Stock Prices Move Too Much…EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)EFFICIENT CAPITAL MARKETS: A …Efficient Capital Markets: A Review of Theory and Empirical Work (1970)Efficient Capital Markets: A …Behavioral Insights from a Three-Day Trading Simulation: Emotions, Financial Strategy Adaptation, and Competition (2026)Behavioral Insights from a Th…European market timing (2022)European market timingNumber sense, trading decisions and mispricing: An experiment (2021)Number sense, trading decisio…How Much Information Is Incorporated into Financial Asset Prices? Experimental Evidence (2020)How Much Information Is Incor…An Experimental Study of Bond Market Pricing (2018)An Experimental Study of Bond…Adaptive expectations versus rational expectations: Evidence from the lab (2017)Adaptive expectations versus …Individual Expectations, Limited Rationality and Aggregate Outcomes (2012)Individual Expectations, Limi…On the ingredients for bubble formation: Informed traders and communication (2011)On the ingredients for bubble…Trading strategies and trading profits in experimental asset markets with cumulative information (2010)Trading strategies and tradin…Partial knowledge is a dangerous thing – On the value of asymmetric fundamental information in asset markets (2010)Partial knowledge is a danger…Experimental asset markets with endogenous choice of costly asymmetric information (2010)Experimental asset markets wi…A Damped Diffusion Framework for Financial Modeling and Closed-Form Maximum Likelihood Estimation (2009)A Damped Diffusion Framework …Dividend Policy, Growth, and the Valuation of Shares (1961)Noise Trader Risk in Financial Markets (1990)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Time Series Analysis, Forecasting, and Control (1995)The General Theory of Employment, Interest and Money, by John Maynard Keynes (1936)The General Theory of Employment, Interest and Money. (1936)Norm theory: Comparing reality to its alternatives. (1986)Positive Feedback Investment Strategies and Destabilizing Rational Speculation (1990)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Presidential Address: Discount Rates (2011)The Behavior of Stock-Market Prices (1965)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Users of the world, unite! The challenges and opportunities of Social Media (2009)Judgment Under Uncertainty: Heuristics and Biases. (1984)Multifactor Explanations of Asset Pricing Anomalies (1996)Investor Psychology and Asset Pricing (2001)More Than Words: Quantifying Language to Measure Firms' Fundamentals (2008)Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)Investor Psychology and Security Market Under‐ and Overreactions (1998)Illiquidity and stock returns: cross-section and time-series effects (2002)Are people conditionally cooperative? Evidence from a public goods experiment (2001)Altruistic punishment in humans (2002)Do Women Shy Away From Competition? Do Men Compete Too Much? (2007)Efficient Capital Markets: II (1991)
this work references cited by second hop

References

  • 1970EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*15,723 cited
  • 1970Efficient Capital Markets: A Review of Theory and Empirical Work13,616 cited
  • 1985Continuous Auctions and Insider Trading9,626 cited
  • 2007z-Tree: Zurich toolbox for ready-made economic experiments9,517 cited
  • 1985Does the Stock Market Overreact?7,569 cited
  • 1980Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends?4,020 cited
  • 1980On the Impossibility of Informationally Efficient Markets3,640 cited
  • 1998Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.12,572 cited
  • 1987Further Evidence On Investor Overreaction and Stock Market Seasonality2,374 cited
  • 1989Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium?2,314 cited
  • 1990Evidence that stock prices do not fully reflect the implications of current earnings for future earnings2,010 cited
  • 1998Heterogeneous beliefs and routes to chaos in a simple asset pricing model1,697 cited
  • 1999Scaling and criticality in a stochastic multi-agent model of a financial market1,527 cited

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1988
Bubbles, Crashes, and Endogenous Expectations in Experimental Spot Asset Markets
1,269 cited
  • 1982Bubbles, Rational Expectations and Financial Markets1,130 cited
  • 1989Informed Speculation with Imperfect Competition963 cited
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