منابع مشابه
Investor Inattention and the Underreaction to Stock Recommendations
Investors’ reaction to stock recommendations is often incomplete so that there is a predictable post-recommendation drift. I investigate whether investor inattention contributes to this drift by using turnover as a proxy for investor attention. I find that the recommendation drift of firms with low prior turnover is more than double in magnitude compared to that of firms with high prior turnove...
متن کاملFoundations for optimal inattention
This paper models an agent who has a limited capacity to pay attention to information and thus conditions her actions on a coarsening of the available information. An optimally inattentive agent chooses both her coarsening and her actions by constrained maximization of an underlying subjective expected utility preference relation. The main result axiomatically characterizes the conditional choi...
متن کاملStock Market Seasonality: A Study of the Indian Stock Market
1.0 Introduction Seasonal variations in production and sales are a well known fact in business. Seasonality refers to regular and repetitive fluctuation in a time series which occurs periodically over a span of less than a year. The main cause of seasonal variations in time series data is the change in climate. For example, sales of woolen clothes generally increase in winter season. Besides th...
متن کاملUsing Tweets to Predict the Stock Market
It is found that some “important” twitter users’ words can influence the stock prices of certain stocks. The stock price of Tesla – a famous electric automobile company – for example, recently seen a huge rise after Elon Musk, the CEO of Tesla, updated his twitter about the self-driving motors. Besides, the Dow Jones and S&P 500 indexes dropped by about one percent after the Twitter account of ...
متن کاملThe Stock Market s Reaction to Unemployment
We find that on average an announcement of rising unemployment is good news for stocks during economic expansions and bad news during economic contractions. Thus stock prices usually increase on news of rising unemployment, since the economy is usually in an expansion phase. We provide an explanation for this phenomenon. Unemployment news bundles two primitive types of information relevant ...
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ژورنال
عنوان ژورنال: American Economic Review
سال: 2007
ISSN: 0002-8282
DOI: 10.1257/aer.97.2.244