2 edition of Speculative behavior in the stock markets found in the catalog.
Speculative behavior in the stock markets
Robert J. Shiller
|Statement||Robert J. Shiller, Fumiko Kon-ya, Yoshiro Tsutsui.|
|Series||NBER working papers series -- working paper no. 3613, Working paper series (National Bureau of Economic Research) -- working paper no. 3613.|
|Contributions||Kon-Ya, Fumiko., Tsutsui, Yoshirō, 1950-, National Bureau of Economic Research.|
|The Physical Object|
|Pagination||19 p. :|
|Number of Pages||19|
In recent years, there has been considerable interest in the random walk theory of stock price behavior. This theory, as applied to the stock market, implies that past stock-price movements cannot be used to predict future market prices in such a way as to “profit” from the predictions. Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations * J. Michael Harrison, J. Michael Harrison Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations, The Quarterly Journal of Economics, Vol Issue 2, May , Pages –
The Trinal houses 5 th and the 9 th are indicative of money which is made through speculative deals like dealing in Stock markets. The 11 th house gives information for the gains that are likely to be made. hence to achieve success in the stock market, one should have the above wealth giving houses strong by placement of benefics in these. BookWatch Opinion: What investors should do if they think the stock market is in a bubble, according to the folks who wrote the book on bubbles Published: Aug. 7, at p.m. ET.
Speculative behavior and the dynamics of interacting stock markets * Noemi Schmitt and Frank Westerhoff ** University of Bamberg, Department of Economics. Abstract. We develop asimple agent-based financial market model in which heterogeneous speculators apply technical and fundamental analysis to trade in two different stock markets. Get this from a library! Executive compensation and short-termist behavior in speculative markets. [Patrick Bolton; José Alexandre Scheinkman; Wei Xiong; National Bureau of Economic Research.] -- We present a multiperiod agency model of stock based executive compensation in a speculative stock market, where investors are overconfident and stock prices may deviate from underlying .
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Van Norden S., Schaller H. () Speculative Behavior, Regime-Switching, and Stock Market Crashes. In: Rothman P. (eds) Nonlinear Time Series Analysis of Economic and Financial Data. Dynamic Modeling and Econometrics in Economics and Finance, vol by: French and Poterba: w Investor Diversification and International Equity Markets: Pound and Shiller: w Speculative Behavior of Institutional Investors: Shiller: w Investor Behavior in the October Stock Market Crash: Survey Evidence: Shiller, Konya, and Tsutsui: w Investor Behavior in the October Stock Market Crash: The Case of Japan Cited by: Speculative Behavior in the Stock Markets: Evidence from the United States and Japan The Japanese stock market, which recovered relatively quickly after the world-wide crash of stock.
We also find that speculative activities in the global oil market significantly affect investors behavior in Russia and Brazil with greater oil speculation associated with herding in these markets. In order to unravel possible mechanisms for the strong synchronized behavior of international stock markets, both with respect to their price levels (e.g.
Shiller, ) and to their volatilities (e.g. Edwards and Susmel, ), we develop an agent-based financial market model in which speculators have the opportunity to trade in two different. A stock market crash is often defined as a sharp dip in share prices of stocks listed on the stock exchanges.
In parallel with various economic factors, a reason for stock market crashes is also due to panic and investing public's loss of confidence.
Often, stock market crashes end speculative. ization of speculative behavior is not intended to be all-inclusive, nor is it intended to transcend our partial-equilibrium framework. For different definitions and analyses see Feiger () and Hirshleifer ().
In Section II we present an extremely simple model (of the market for a single stock) in which the speculative phenomenon can. When the interactions among traders become stronger and reach some critical values, a second-order phase transition and critical behavior can be observed, and a bull market phase and a bear market phase appear.
When the system stays at the bull market phase, speculative bubbles occur in the stock market. The only V-shaped recovery after coronavirus will be in the stock markets Larry Elliott Central bank intervention reassured the financial system, but. Speculative behavior in the stock markets.
Cambridge, MA: National Bureau of Economic Research,  (OCoLC) Material Type: Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: Robert J Shiller; Fumiko Kon-Ya; Yoshirō Tsutsui; National Bureau of Economic Research. 2 days ago Currently trading around $ as I write this, the company with an $million market capitalization, has over $1 million in orders on the books with more likely to come shortly.
This book sheds new light on the role of speculative bubbles in the stock market and argues that, provided they are sustainable, bubbles may in fact have a positive effect on the many developed countries, speculative bubbles in stock markets seem to have emerged as a persistent phenomenon.
This book offers new perspectives on the role bubbles play in recent economic. As the million shares soared in its first day of trading on the Nasdaq, giving it a market value of $ billion, investors were eager to buy the stock.
While eToys had posted a net loss of. Not only did this move encourage more speculative behavior for existing investors, but also provided access to financial markets for a large number of first-time investors. The WSJ article stated: ‘TD Ameritrade said last week that retail clients opened a recordnew funded accounts in the quarter ended Ma with more than two.
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"Investor Behavior in the October Stock Market Crash: The Case of Japan" (with Fumiko Kon-Ya and Yoshiro Tsutsui), Journal of the Japanese and International Economies (), 5: 1–13, " Popular Attitudes Towards Free Markets: The Soviet Union and the United States Compared " (with Maxim Boycko and Vladimir Korobov), American.
This highly topical book offers important insights into the stock market, contrasting the speculative explanation of stock market fluctuations with the conventional efficient markets hypothesis. After summarizing economists' views on stock market behavior from the classical period to the present day, the authors focus on two particular.
Downloadable. We develop a simple agent-based financial market model in which heterogeneous speculators apply technical and fundamental analysis to trade in two different stock markets. Speculators' strategy/market selections are repeated at each time step and depend on predisposition effects, herding behavior and market circumstances.
the NBER Market Microstructure meeting, and the NYSE for helpful comments. We thank the NYSE for providing system order data.
WHICH SHORTS ARE INFORMED. We use a long, recent panel of proprietary system order data from the New York Stock Exchange to examine the incidence and information content of various kinds of short sale orders.
"It's sort of this speculative behavior that we saw at the end of and the beginning of It really doesn't make rational sense." Stock Quotes, and Market Data and Analysis. In fact, the legendary Stock Market Crash of would occur 17 years after the book's first publishing—indicating that addressing excessive speculation in the financial stock exchanges has been of early interest within the stock markets.
Selden primarily concerns his study with identifying human behavior patterns in the stock : George C. Selden.This book contrasts the speculative explanation of stock market fluctuations with the conventional efficient markets hypothesis. After summarizing economists' views on stock market behavior, the authors focus on the two particular explanations of stock price : $However, in stock trading, if you listen to and follow the crowd at the wrong time, you will always lose in the long wrong.
Instead, stock market traders and investors make money by thinking independently and by being unique, not by acting on a hot tip from a neighbor or following collective behavior.