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Limited investor attention and biased reactions to information: Evidence from the COVID-19 pandemic
16 references·0 citing·43 second hop
Limited investor attention and biased reactions to information: Evidence from the COVID-19 pandemic (2022)Limited investor attention and biased rea…The Unprecedented Stock Market Reaction to COVID-19 (2020)The Unprecedented Stock Marke…Searching for safe-haven assets during the COVID-19 pandemic (2020)Searching for safe-haven asse…Integración de los mercados financieros Latinoamericanos por medio de MILA (2020)Integración de los mercados f…The Sum of All FEARS Investor Sentiment and Asset Prices (2014)The Sum of All FEARS Investor…Do ETFs Increase Volatility? (2014)Do ETFs Increase Volatility?Investor Inattention and Friday Earnings Announcements (2009)Investor Inattention and Frid…Institutional Investors and the Informational Efficiency of Prices (2009)Institutional Investors and t…Liquidity and Market Efficiency (2007)Liquidity and Market Efficien…Investor attention, overconfidence and category learning (2006)Investor attention, overconfi…Illiquidity and stock returns: cross-section and time-series effects (2002)Illiquidity and stock returns…Bad is Stronger than Good (2001)Bad is Stronger than GoodThe Investor Fear Gauge (2000)The Investor Fear GaugeA model of investor sentiment1We are grateful to the NSF for financial support, and to Oliver Blanchard, Alon Brav, John Campbell (a referee), John Cochrane, Edward Glaeser, J.B. Heaton, Danny Kahneman, David Laibson, Owen Lamont, Drazen Prelec, Jay Ritter (a referee), Ken Singleton, Dick Thaler, an anonymous referee, and the editor, Bill Schwert, for comments.1 (1998)A model of investor sentiment…Inferring Trade Direction from Intraday Data (1991)Inferring Trade Direction fro…A new approach to decomposition of economic time series into permanent and transitory components with particular attention to measurement of the ‘business cycle’ (1981)A new approach to decompositi…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …A Theory of the Consumption Function (1960)Optimal Properties of Exponentially Weighted Forecasts (1960)Time Series Analysis: Forecasting and Control (1977)Trends and random walks in macroeconmic time series (1982)A New Approach to the Economic Analysis of Nonstationary Time Series and the Business Cycle (1989)A Simple Estimator of Cointegrating Vectors in Higher Order Integrated Systems (1993)Noise Trader Risk in Financial Markets (1990)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Investor Psychology and Security Market Under‐ and Overreactions (1998)Driven to Distraction: Extraneous Events and Underreaction to Earnings News (2009)Innovative efficiency and stock returns (2012)Sentiment During Recessions (2012)Prospect theory: An analysis of decision under risk (1988)The need to belong: Desire for interpersonal attachments as a fundamental human motivation. (1995)Individual differences in reasoning: Implications for the rationality debate? (2000)Heuristics and Biases: The Psychology of Intuitive Judgment (2004)Experimental evidence of massive-scale emotional contagion through social networks (2014)Measuring Economic Policy Uncertainty* (2016)COVID-Induced Economic Uncertainty (2020)Economic uncertainty before and during the COVID-19 pandemic (2020)Stock markets’ reaction to COVID-19: Cases or fatalities? (2020)Judgment under Uncertainty: Heuristics and Biases (1974)The Cross-Section of Expected Stock Returns (1992)A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets (1999)Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies (2000)Editor's Choice Digesting Anomalies: An Investment ApproachCommon risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Liquidity Risk and Expected Stock Returns (2003)Asset pricing with liquidity risk (2005)Optimum consumption and portfolio rules in a continuous-time model (1971)The Limits of Arbitrage (1995)Economic Links and Predictable Returns (2008)Investor Sentiment and the Cross‐Section of Stock Returns (2006)In Search of Attention (2011)The short of it: Investor sentiment and anomalies (2011)Policy Uncertainty and Corporate Investment (2015)Commonality in liquidity (2000)Is Information Risk a Determinant of Asset Returns? (2002)Does Algorithmic Trading Improve Liquidity? (2011)The Framing of Decisions and the Psychology of Choice (1981)Advances in prospect theory: Cumulative representation of uncertainty (1992)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)
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References

  • 1979Prospect Theory: An Analysis of Decision under Risk48,459 cited
  • 2002Illiquidity and stock returns: cross-section and time-series effects10,008 cited
  • 2001Bad is Stronger than Good7,670 cited
  • 2020Integración de los mercados financieros Latinoamericanos por medio de MILA3,764 cited
  • 1991Inferring Trade Direction from Intraday Data3,150 cited
  • 1998A model of investor sentiment1We are grateful to the NSF for financial support, and to Oliver Blanchard, Alon Brav, John Campbell (a referee), John Cochrane, Edward Glaeser, J.B. Heaton, Danny Kahneman, David Laibson, Owen Lamont, Drazen Prelec, Jay Ritter (a referee), Ken Singleton, Dick Thaler, an anonymous referee, and the editor, Bill Schwert, for comments.12,865 cited
  • 1981A new approach to decomposition of economic time series into permanent and transitory components with particular attention to measurement of the ‘business cycle’2,308 cited
  • 2009Investor Inattention and Friday Earnings Announcements1,740 cited
  • 2020The Unprecedented Stock Market Reaction to COVID-191,514 cited
  • 2006Investor attention, overconfidence and category learning1,451 cited
  • 2014The Sum of All FEARS Investor Sentiment and Asset Prices1,384 cited
  • 2000The Investor Fear Gauge1,097 cited
  • 2007Liquidity and Market Efficiency984 cited
  • 2009Institutional Investors and the Informational Efficiency of Prices

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763 cited
  • 2014Do ETFs Increase Volatility?686 cited
  • 2020Searching for safe-haven assets during the COVID-19 pandemic656 cited
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