Price Drift as an Outcome of Differences in Higher-Order Beliefs

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Disagreement and Learning: Dynamic Patterns of Trade (2010, unknown): “1274 The Journal of Finance R© model, the model in Banerjee, Kaniel, and Kremer (2009) is unable to generate interesting volume or volatility dynamics or to link such dynamics to the disagreement process.”
Information Percolation, Momentum and Reversal (2014, unknown): “…word-of-mouth communication plays in generating momentum and reversal.4 We adopt the definition of “price drift”, as well as portfolio decompositions from Banerjee, Kaniel, and Kremer (2009), who show that stock returns can exhibit momentum when investors have higher-order differences of opinions.”
Learning from Prices and the Dispersion in Beliefs (2011, background): “, Harris and Raviv (1993), Banerjee and Kremer (2009)) and positive autocorrelation in returns (e.”
The Credibility of Open Market Share Repurchase Signaling (2012, unknown): “[5] Banerjee, S.”