Noise Trader Risk in Financial Markets

The General Theory of Employment, Interest and Money.

1936 • 14,151 citations

Continuous Auctions and Insider Trading

1985 • 9,651 citations

The Behavior of Stock-Market Prices

1965 • 8,575 citations

The General Theory of Employment, Interest and Money, by John Maynard Keynes

1936 • 6,848 citations

The equity premium: A puzzle

1985 • 5,686 citations

The General Theory of Employment

1937 • 4,895 citations

On the Impossibility of Informationally Efficient Markets

1980 • 4,825 citations

THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945-1964

1968 • 4,463 citations

On the impossibility of informationally efficient markets

1980 • 3,972 citations

Dividend yields and expected stock returns

1988 • 3,736 citations

An Exact Consumption-Loan Model of Interest with or without the Social Contrivance of Money

1958 • 3,510 citations

Permanent and Temporary Components of Stock Prices

1988 • 3,149 citations

Cointegration and Tests of Present Value Models

1987 • 2,166 citations

A Random Walk Down Wall Street

1973 • 1,801 citations

Information, trade and common knowledge

1982 • 1,739 citations

Does the Stock Market Rationally Reflect Fundamental Values?

1986 • 1,071 citations

Stock Prices and Social Dynamics

1984 • 851 citations

Smart Money, Noise Trading and Stock Price Behaviour

1993 • 598 citations

Orange Juice and Weather

1984 • 572 citations

Equilibrium Short Horizons of Investors and Firms

1990 • 554 citations

Learning, estimation, and the stability of rational expectations

1982 • 511 citations

Forecasting the Forecasts of Others

1983 • 485 citations

Informational Externalities and Welfare-Reducing Speculation

1987 • 449 citations

THE VALUATION OF CLOSED‐END INVESTMENT‐COMPANY SHARES

1977 • 334 citations

Patterns of Investment Strategy and Behavior Among Individual Investors

1977 • 317 citations

THE RELEVANCE OF QUASI RATIONALITY IN COMPETITIVE MARKETS

1988 • 270 citations

Rational Expectations and the Limits of Rationality: An Analysis of Heterogeneity

1985 • 248 citations

Price Destabilizing Speculation

1986 • 245 citations

Do Long-Term Interest Rates Overreact to Short-Term Interest Rates?

1984 • 229 citations

The Term Structure of Interest Rates Revisited

1986 • 190 citations

On Divergence of Opinion and Imperfections in Capital Markets

1983 • 187 citations

Subjective Information and Market Efficiency in a Betting Market

1979 • 159 citations

Lifting the Lid on Closed-End Investment Companies: A Case of Abnormal Returns

1985 • 147 citations

‘Open-ending’ closed-end funds

1984 • 135 citations

Anomalies in Financial Economics: Blueprint for Change?

1986 • 107 citations

Equilibrium Modeling of Asset Prices: Rationality Versus Rules of Thumb

1990 • 20 citations

Differences of Opinion and the Volume of Trade

1985 • 16 citations

The Effect of Professional Advice on the Stability of a Speculative Market

1985 • 14 citations

SMART MONEY, NOISE TRADING AND STOCK PRICE BEHAVIOR

1988 • 9 citations

The investor's guide to closed-end funds: The Herzfeld hedge

1980 • 8 citations

The Survival of Noise Traders in Financial Markets

1988 • 5 citations