Mean reversion in stock prices

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Asset Pricing in Production Economies with Extrapolative Expectations (2015, background): “Empirically, de Bondt and Thaler (1985), Poterba and Summers (1988), Lakonishok et al. (1994), and La Porta et al. (1997) provide evidence of overreactions, which suggests that extrapolation can help explain stylized facts about predictability of aggregate market returns and the cross-section of…”
When is human capital a valuable resource? The performance effects of Ivy league selection among celebrated CEOs (2015, unknown): “This suggests that perhaps luck played an important role in our CEO’s success (Poterba and Summers, 1988).”