What happens when uninformed investors trade stocks via mobile phones? Do they react to social sentiment differently than more informed traders in traditional trading? Based on 16,817 data observations and econometric analysis for the trading of 251 equities in Korea over 39 days, we present evidence of herding behavior among uninformed traders in the mobile channel. The results indicate that m...

We study a simple model of an asset market with informed and non-informed agents. In the absence of non-informed agents, the market becomes information efficient when the number of traders with different private information is large enough. Upon introducing non-informed agents, we find that the latter contribute significantly to the trading activity if and only if the market is (nearly) informa...

Leaving Poverty Behind? The Effects of Generous Income Support Paired with Activation We evaluate a comprehensive activation program in Norway targeted at hard-to-employ social assistance claimants with reduced work capacity. The program offers a combination of tailored rehabilitation, training and job practice, and a generous, stable, and non-meanstested benefit. Its main aims are to mitigate ...

The ease of Internet stock trading has lured relatively inexperienced investors into the financial markets. We study the consequences of the influx of these uninformed traders with a dynamic equilibrium framework. Our results show that these strategic uninformed online traders who adopt feedback strategies cannot outperform those who do not follow feedback strategies and that feedback trading c...

We examine how financial networks influence asset prices and trading performance. Consistent with theoretical studies on the role of communication networks in information dissemination, we posit that global financial institutions, having more extensive and strategic financial networks, can more efficiently acquire and process information pertaining to asset trading due to their better access to...

Introduction: Different methods are used to fix external fixator after tibial fracture each having advantages and disadvantages. Objectives: To compare frequency of pin site infection rate between Schanz screws k-wires in Ilizarov for fracture. Material Methods: This Randomized control trial Study was conducted the Department Orthopedics, Lady Reading Hospital Medical Teaching Institute Peshawa...

Taking advantage of a unique corporate bond transaction dataset from the National Association of Securities Dealers (NASD), this paper investigates whether information-based trading takes place in the high-yield corporate bond market, and how firm-specific information flow across related securities, including stocks, options and corporate bonds. Differing from previous studies, I find that curr...