An Equilibrium Model of the Crash

Expected stock returns and volatility

1987 • 4,291 citations

Permanent and Temporary Components of Stock Prices

1988 • 3,149 citations

On estimating the expected return on the market

1980 • 2,932 citations

Mean Reversion in Stock Prices

1996 • 1,111 citations

Who Should Buy Portfolio Insurance?

1980 • 387 citations

Mean Reversion in Stock Prices: Evidence and Implications

1987 • 178 citations

Portfolio Insurance and Financial Market Equilibrium

1989 • 103 citations

The Economic Consequences of Noise Traders

1987 • 70 citations

Portfolio Insurance and Other Investor Fashions as Factors in the 1987 Stock Market Crash

1988 • 61 citations

Portfolio Insurance and the Market Crash

1988 • 55 citations