Feedback and the Success of Irrational Investors

By David A. Hirshleifer, Avanidhar Subrahmanyam, Sheridan Titman. 2003

164 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/c8419ddbff7e5bebd746675172d4cc698270ceb7

Citations in the corpus

• The Price Impact and Survival of Irrational Traders (2006, unknown): “The difference in the survival results between the partial equilibrium and general equilibrium analysis occur when γ 2γ−1 η < η < γη (see Equations (20) and (21) and Figures 4 and 5).”
• Behavioural Finance: A Review and Synthesis (2007, unknown): “Finally, Hirshleifer et al. (2006) argue that when stock prices influence fundamentals by affecting corporate investment, irrational agents can earn greater expected profits than rational ones.”
• The Real Effects of Financial Markets (2012, unknown): “Holmstrom and Tirole (1993) endogenize this dependence by solving for the optimal contract between shareholders and the manager.”