Betting on trends: Intuitive forecasts of financial risk and return

Judgment under Uncertainty: Heuristics and Biases

1974 • 24,440 citations

EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK*

1970 • 15,798 citations

Efficient Capital Markets: A Review of Theory and Empirical Work

1970 • 10,493 citations

Does the Stock Market Overreact?

1985 • 7,120 citations

Noise Trader Risk in Financial Markets

1990 • 6,029 citations

Design and Analysis: A Researcher's Handbook

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Efficient Capital Markets: II

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Principles of Corporate Finance.

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Why Does Stock Market Volatility Change Over Time?

1989 • 3,555 citations

Permanent and Temporary Components of Stock Prices

1988 • 3,149 citations

The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence

1985 • 3,099 citations

Introduction to the Theory and Practice of Econometrics

1989 • 2,349 citations

Positive Feedback Investment Strategies and Destabilizing Rational Speculation

1990 • 2,212 citations

The hot hand in basketball: On the misperception of random sequences

1985 • 1,633 citations

Reasons for confidence.

1980 • 1,378 citations

Efficient Capital Markets: II

1991 • 1,302 citations

What moves stock prices?

1989 • 1,131 citations

Does the Stock Market Overreact?

1985 • 1,093 citations

Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior

1992 • 1,022 citations

Measuring abnormal performance

1992 • 864 citations

Why Does Stock Market Volatility Change Over Time?

1989 • 848 citations

Do Security Analysts Overreact

1990 • 735 citations

The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence

1985 • 667 citations

Positive Feedback Investment Strategies and Destabilizing Rational Speculation

1990 • 561 citations

A theory of personality

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Efficient Capital Markets and Martingales

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Generation of random sequences by human subjects: A critical survey of literature.

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Cognitive Processes and the Assessment of Subjective Probability Distributions

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FOREIGN EXCHANGE RATE EXPECTATIONS: MICRO SURVEY DATA

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Using Survey Data to Test Standard Propositions Regarding Exchange Rate Expectations

1986 • 389 citations

Technical analysis of stock trends

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Do Biases in Probability Judgment Matter in Markets? Experimental Evidence

1987 • 329 citations

Two methods of reducing overconfidence

1987 • 277 citations

Anomalies: A Mean-Reverting Walk Down Wall Street

1989 • 262 citations

Probabilistic forecasting: An experiment related to the stock market

1972 • 255 citations

A direct test of the cognitive bias theory of share price reversals

1990 • 218 citations

Changes in conceptual structure with expertise: Differences between real-world experts and novices.

1984 • 212 citations

Judgmental extrapolation and the salience of change

1990 • 204 citations

How Useful is the Sentiment Index?

1988 • 203 citations

Temporary Components of Stock Prices: A Skeptic's View

1993 • 187 citations

Tests of Analysts' Overreaction/Underreaction to Earnings Information as an Explanation for Anomalous Stock Price Behavior

1992 • 173 citations

On the social psychology of the stock market: Aggregate attributional effects and the regressiveness of prediction.

1987 • 154 citations

Foreign exchange rate expectations: Micro survey data

1989 • 150 citations

An Experimental Study of Expectation Formation

1976 • 150 citations

Explaining the price-volume relationship: The difference between price changes and changing prices

1988 • 145 citations

Intuitive Time-Series Extrapolation

1982 • 143 citations

Experimental tests of the mean-variance model for portfolio selection

1988 • 128 citations

Factors affecting judgmental forecasts and confidence intervals

1989 • 122 citations

Market Wizards: Interviews with Top Traders

1988 • 113 citations

The Impact of accuracy and effort feedback and goals on adaptive decision behavior

1990 • 113 citations

The utility of theories in intuitive statistics: The robustness of theory-based judgments.

1984 • 101 citations

Judgmental extrapolation and market overreaction: On the use and disuse of news

1990 • 97 citations

Performance feedback improves the resolution of confidence judgments

1988 • 80 citations

Patterns, Prototypes, and Predictions: An Exploratory Study

1976 • 41 citations

Models of human behaviour and confidence in judgement: A review

1989 • 40 citations

Earnings Forecasts and Share Price Reversals

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Analyst judgment: The efficient market hypothesis versus a psychological theory of human judgment

1988 • 23 citations

Mean Reversion in Stock Prices? A Reappraisal of the Empirical Evidence

1988 • 22 citations