Inefficient Markets: An Introduction to Behavioral Finance

By A. Shleifer. 2002

2,067 citations recorded by the source corpus.

Subfields: Finance

View Paper: https://www.semanticscholar.org/paper/1df90cab5a7e0a1f55b7ceb85cc0686f2c99f40a

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Citations in the corpus

The Decision Usefulness of Fair Value Accounting – A Theoretical Perspective (2007, background): “More recent insights from behavioural finance theory suggest that in addition to noise, irrational market behaviour is a factor reducing the informational quality of market prices (Shleifer, 2000).”
Convergence trading with wealth effects: an amplification mechanism in financial markets (2001, background): “As suggested by Shleifer and Vishny (1997) and Shleifer (2000), agency problems can cause this type of imperfect capital flow to professional traders (such as hedge funds).”
Technical analysis: An asset allocation perspective on the use of moving averages (2009, methodology): “In 4 In addition, behavioral models, such as those reviewed by Shleifer (2000) and Shefrin (2008), offer support to technical analysis by theorizing certain predictable patterns of the market.”
A cross-country analysis of herd behavior in Europe (2014, background): “Moreover, liquidity constraints, asymmetric information, limits to arbitrage (Shleifer, 2000; Brunnermier, 2001; and Hirshleifer and Teoh, 2003) pose a constant threat to financial stability exposing market participants and financial institutions to unhedgeable systematic risk (Economou et al.,…”
The Value Premium (2005, neutral): “A workhorse of many fields of economics, this framework has been under strenuous attack in finance (e.g., Shleifer (2000)).”
Who Are the Value and Growth Investors (2017, positive): “The success of value investing can also originate from the exuberant overpricing of growth stocks and underpricing of value stocks by irrational investors (DeBondt and Thaler 1985, Lakonishok, Shleifer, and Vishny 1994, La Porta, Lakonishok, Shleifer, and Vishny 1997, Shleifer 2000).”
A Trade-based Analysis of Momentum (2006, positive): “However, when different models lead to similar predictions, investors will try to buy (or sell) the same securities at the same time, thereby driving prices up (or down) even in the absence of new fundamental information (Shleifer, 2000).”