Manipulating market sentiment
نویسندگان
چکیده
منابع مشابه
Manipulating market sentiment
We analyze a simple model of an asset market, in which a large rational trader interacts with ‘‘noise speculators’’ who seek short-run speculative gains, and become active following a prolonged episode of mispricing relative to the asset’s fundamental value. Themodel gives rise to price patterns such as bubble dynamics, positive short-run correlation and vanishing long-run correlation of price ...
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ژورنال
عنوان ژورنال: Economics Letters
سال: 2014
ISSN: 0165-1765
DOI: 10.1016/j.econlet.2013.12.021