Add to ORKGTreballs Finals del Màster d'Economia, Facultat d'Economia i Empresa, Universitat de Barcelona, Curs: 2016-2017, Tutor: Vicente Royuela MoraThis master thesis examines whether the opening price of a trading session is a result of overreaction generated by the interaction of noise traders. In order to study the overreaction and noise trading, we analyze the price retracement pattern of the Ibovespa futures contract. We also perform an econometric analysis, using probit and logit regressions, to see if and how the extent of price movement, volatility and trading volume affect the price retracement and consequently the overreaction. We find evidence that, the opening price is an inefficient price level result of noise trading. We also find sig...
Theoretical noise trader models suggest that uninformed traders can impact market prices. However, t...
In this research we investigate the behavior of noise traders and their impact on the market. We do ...
This dissertation investigates the long-run effects of noise traders in financial markets. Noise tr...
Evidence from nancial markets suggests that asset prices can be consistently far from their funda-me...
Evidence from nancial markets suggests that asset prices can be consistently far from their funda- m...
This study extends several previous studies that conclude that noise and overreaction on intraday da...
Using intraday trading data during the 2008 financial crisis, from the Standard and Poor’s Depositor...
In this research we investigate the behavior of noise traders and their impact on the market. We do ...
We study the degree of individual and aggregate market overreaction in a dynamic experimental auctio...
This paper examines long-term price overreactions in various financial markets (commodities, US stoc...
We use a laboratory market to investigate the behavior of traders who lack informational advantages ...
This study examines whether opening price behavior is respon-sible for the noise and overreaction in...
This study extends several previous studies that conclude that noise and overreaction on intraday da...
This paper examines short-term price reactions after one-day abnormal price changes and whether they...
Efficient market models cannot explain the high level of trading in financial markets in terms of as...
Theoretical noise trader models suggest that uninformed traders can impact market prices. However, t...
In this research we investigate the behavior of noise traders and their impact on the market. We do ...
This dissertation investigates the long-run effects of noise traders in financial markets. Noise tr...
Evidence from nancial markets suggests that asset prices can be consistently far from their funda-me...
Evidence from nancial markets suggests that asset prices can be consistently far from their funda- m...
This study extends several previous studies that conclude that noise and overreaction on intraday da...
Using intraday trading data during the 2008 financial crisis, from the Standard and Poor’s Depositor...
In this research we investigate the behavior of noise traders and their impact on the market. We do ...
We study the degree of individual and aggregate market overreaction in a dynamic experimental auctio...
This paper examines long-term price overreactions in various financial markets (commodities, US stoc...
We use a laboratory market to investigate the behavior of traders who lack informational advantages ...
This study examines whether opening price behavior is respon-sible for the noise and overreaction in...
This study extends several previous studies that conclude that noise and overreaction on intraday da...
This paper examines short-term price reactions after one-day abnormal price changes and whether they...
Efficient market models cannot explain the high level of trading in financial markets in terms of as...
Theoretical noise trader models suggest that uninformed traders can impact market prices. However, t...
In this research we investigate the behavior of noise traders and their impact on the market. We do ...
This dissertation investigates the long-run effects of noise traders in financial markets. Noise tr...