Chasing noise

Continuous Auctions and Insider Trading

Albert S. Kyle · Econometrica · 1985 · 10K citations

Business, Economics, Auction Theory +12

A Theory of Fads, Fashion, Custom, and Cultural Change in Informational Cascades.

Sushil Bikhchandani, David Hirshleifer, Ivo Welch · RePEc: Research Papers in Economics · 6.7K citations

Social Sciences, Psychology, Social Psychology +15

Noise Trader Risk in Financial Markets

J. Bradford De Long, Andrei Shleifer, Lawrence H. Summers et al. · Journal of Political Economy · 1990 · 6.4K citations · Full text

Business, Economics, Finance +17

On the Impossibility of Informationally Efficient Markets

Sanford J. Grossman · RePEc: Research Papers in Economics · 1980 · 5.3K citations

Social Sciences, Economics, Information Theory +9

Herd on the Street: Informational Inefficiencies in a Market with Short‐Term Speculation

Kenneth Froot, David Scharfstein, Jeremy C. Stein · The Journal of Finance · 1992 · 1.1K citations

Social Sciences, Economics, Finance +12