November 18, 2004

Google Scholar: A New Toy

And it is a fun toy, too...

Google Scholar: noise trader

 Scholar  Results 1 - 100 of about 3,080 for noise trader. (0.14 seconds) 

[PDF] Noise trader risk in financial markets
JB De Long, A Shleifer, LH Summers, RJ Waldmann - View as HTML - Cited by 485
Page 1. Noise Trader Risk in Financial Markets. ...noise trader risk”— must be borne
by any arbitrageur with a short time horizon, and must limit his. ...
Journal of Political Economy, 1990 - econ161.berkeley.edu - j-bradford-delong.net - econ.blog.us - ideas.repec.org - all 6 versions »

The Noise Trader Approach to Finance
A Shleifer, LH Summers - Cached - Cited by 135
The Noise Trader Approach to Finance. ... "Noise Trader Demand in Futures Markets," Finance
9609001, Economics Working Paper Archive at WUSTL [Downloadable!]. ...
Journal of Economic Perspectives, 1990 - ideas.repec.org

Time variation of second moments from a noise trader/infection model
T Lux - Cached - Cited by 26
Time variation of second moments from a noise trader/infection model. Author info |
Abstract | Publisher info | Download info | Related research | Statistics. ...
Journal of Economic Dynamics and Control, 1997 - ideas.repec.org

Scaling and criticality in a stochastic multi-agent model of a financial market
T Lux, M Marchesi - Cited by 180
... 8. Shleifer, A. & Summers, LH The noise trader approach to finance. J. Econ. ... 15.
Lux, T. Time variation of second moments from a noise trader/infection model. ...
Nature, 1999 - nature.com - ideas.repec.org

[CITATION] The noise trader approach to nance - Web Search
A Shleifer, LH Summers - Cited by 12
Journal of Economic Perspectives, 1990

[PDF] The Size and Incidence of the Losses from Noise Trading.
JB De-Long, A Shleifer, LH Summers, RJ Waldmann - View as HTML - Cited by 47
... ρ t }. • The risk σ 2 R from holding stocks is the sum of (i) fundamental risk and
(ii) noise trader. risk: ... IV. STEPS TO REDUCE NOISE TRADER RISK. ...
Journal of Finance, 1989 - econ161.berkeley.edu - j-bradford-delong.net - ideas.repec.org - palm.nber.org - all 7 versions »

[CITATION] R. Waldmann, 1990, Noise Trader Risk in Financial Markets - Web Search
JB De Long, A Shleifer, L Summers - Cited by 10
Journal of Political Economy

[PDF] A generalized spin model of financial markets
D Chowdhury, D Stauffer - Cited by 43
... At this stage of formulation of our model, every trader may be regarded as a “noise
trader” who has no own opinion and would decide whether to buy or sell ...
Eur. Phys. J. B, 1999 - edpsciences.org - springerlink.com - arxiv.org - off-club.com - all 6 versions »

Is Noise Trader Risk Priced?
R Sias, L Starks, S Tinic - Cached - Cited by 5
SSRN-Is Noise Trader Risk Priced? by Richard Sias, Laura Starks, Seha
Tinic>> <meta name=. Is Noise Trader Risk Priced? RICHARD ...
Journal of Financial Research, 2001 - papers.ssrn.com

[CITATION] Lawrence H. summers, and Robert J. Waldmann (1990),‘Noise Trader Risk in Financial Markets,’ - Web Search
JB De Long, A Shleifer - Cited by 6
Journal of Political Economy

The survival of noise traders in financial markets
JB De Long, A Shleifer, LH Summers, RJ Waldmann, … - Cached - Cited by 86
... 1996. "Noise Trader Demand in Futures Markets," Finance 9609001, Economics
Working Paper Archive at WUSTL [Downloadable!]. Dwight ...
Journal of Business, 1991 - ideas.repec.org - palm.nber.org - ww.nber.org - nber.org - all 5 versions »

On the Equivalence of Noise Trader and Hedger Models in Market Microstructure
A Sarkar - Cached - Cited by 5
SSRN-On the Equivalence of Noise Trader and Hedger Models in Market
Microstructure by Asani Sarkar>> <meta name=. On the Equivalence ...
Journal of Financial Intermediation, 1994 - papers.ssrn.com

Technical Analysis in the Foreign Exchange Market: A Layman’s Guide
C Neely - Cached - Cited by 25
... "The Noise Trader Approach to Finance," Journal of Economic Perspectives, Vol. ... "Noise
Trader Risk in Financial Markets," Journal of Political Economy, Vol. ...
Federal Reserve Bank of St. Louis Review, 1997 - ideas.repec.org

Continuous auctions and insider trading
AS Kyle - Cached - Cited by 961
... "Noise Trader Risk in Financial Markets," J. Bradford De Long's Working Papers _124,
University of California at Berkeley, Economics Department [Downloadable!]. ...
Econometrica, 1985 - ideas.repec.org

[CITATION] Time variation of second moments from a noise trader infection model.< i> J. Econ - Web Search
T Lux - Cited by 5
Dyn. Control, 1997

[PDF] Noise Trading and Exchange Rate Regimes
O Jeanne, AK Rose, MP Page - View as HTML - Cited by 58
... informed” traders and the latter as “noise” traders. At each period a generation
of N traders j = 1,...,N is borne. Each individual trader j receives a ...
Quarterly Journal of Economics, 2002 - haas.berkeley.edu - rbnz.govt.nz - papers.ssrn.com - ideas.repec.org - all 10 versions »

[PDF] Rethinking Deviations From Uncovered Interest Parity: The Role of Covariance Risk and Noise
NC Mark, Y Wu - Cited by 37
... The noise-trader model that we examine represents such an environment. ... Page 3. model.
The noise trader model is presented in section 3, and section 4 concludes. ...
Economic Journal, 1998 - blackwell-synergy.com - ingenta.com - newark.rutgers.edu - ecolan.sbs.ohio-state.edu - all 8 versions »

Do Noise Traders Influence Stock Prices?
M Kelly - Cached - Cited by 6
1997 Abstract: This paper tests a smart money-noise trader model directly by comparing
its predictions with the behavior of actual investors. ...
Journal of Money, Credit, and Banking, 1997 - ideas.repec.org - ideas.repec.org

Reserve bank operations in the foreign exchange market: effectiveness and profitability
R Andrew, J Broadbent - Cached - Cited by 9
... "The Noise Trader Approach to Finance," Journal of Economic Perspectives, Vol. ... "Noise
Trader Risk in Financial Markets," Journal of Political Economy, Vol. ...
Research Discussion Paper, 1994 - ideas.repec.org

[BOOK] Advances in Behavioral Finance - Library Search - Web Search
RH Thaler - Cited by 79
New York: Russell Sage Foundation, 1993

On the Impossibility of Informationally Efficient Markets
SJ Grossman, JE Stiglitz, MP Page - Cached - Cited by 561
... "Noise Trader Risk in Financial Markets," J. Bradford De Long's Working Papers _124,
University of California at Berkeley, Economics Department [Downloadable!]. ...
American Economic Review, 1980 - ideas.repec.org - papers.ssrn.com - palm.nber.org - nber.org - all 6 versions »

[PDF] Speculation duopoly with agreement to disagree: Can overconfidence survive the market test
AS Kyle, FA Wang - View as HTML - Cited by 75
... Also, our result is not due to the. noise trader’s risk such as in De Long,
Shleifer, Summers, and Waldmann (1990), since in our model. ...
Journal of Finance, 1997 - ruf.rice.edu

Informational externalities and welfare-reducing speculation
JC Stein - Cached - Cited by 58
... "Noise Trader Risk in Financial Markets," J. Bradford De Long's Working Papers _124,
University of California at Berkeley, Economics Department [Downloadable!]. ...
Journal of Political Economy, 1987 - ideas.repec.org

[PDF] Noise Trading, Delegated Portfolio Management, and Economic Welfare
J Dow, G Gorton - View as HTML - Cited by 48
... In cases (1) and (4) the portfolio manager was either informed or was an uninformed
noise trader who was lucky (ie, had no information but traded x anyway in ...
Journal of Political Economy, 1997 - fic.wharton.upenn.edu - ideas.repec.org - palm.nber.org - ww.nber.org - all 6 versions »

[PDF] Consolidation, fragmentation, and the disclosure of trading information
A Madhavan… - Cited by 55
... Let represent a single-period noise trader, represent a two-period liquidity trader,
and. represent an informed. trader. The set of trader types is denoted by. ...
Review of Financial Studies, 1995 - rfs.oupjournals.org - papers.ssrn.com - ingenta.com - ideas.repec.org - all 8 versions »

Speculative Dynamics
DM Cutler, JM Poterba, LH Summers, MP Page - Cached - Cited by 95
... "Noise Trader Demand in Futures Markets," Finance 9609001, Economics Working Paper
Archive at WUSTL [Downloadable!]. Jeffrey A. Frankel, 1996. ...
Review of Economic Studies, 1991 - ideas.repec.org - ideas.repec.org - palm.nber.org - nber.org - all 5 versions »

Lag-length selection and tests of Granger causality between money and income
DL Thornton, DS Batten - Cached - Cited by 46
... "Noise Trader Demand in Futures Markets," Finance 9609001, Economics Working Paper
Archive at WUSTL [Downloadable!]. Eric Ghysels & Junghoon Seon, 2000. ...
Journal of Money, Credit, and Banking, 1985 - ideas.repec.org

[CITATION] Noise Trader Demand in Commodity Futures Markets. - Web Search
DR Sanders, SH Irwin, RM Leuthold - Cited by 2
NCR-134 Conference Proceedings, 1996

[CITATION] Schleiffer and Summers, L., 1990,“Noise Trader Risk in Financial Markets” - Web Search
J De Long, B Bradford - Cited by 2
Journal of Political Economy

Noise Trader Risk, Odd-Lot Trading, and Security Returns
B Barber - Cached - Cited by 2
SSRN-Noise Trader Risk, Odd-Lot Trading, and Security Returns by Brad Barber>>
<meta name=. Noise Trader Risk, Odd-Lot Trading, and Security Returns, ...
Working Paper, University of California at Davis, 1999 - papers.ssrn.com

[CITATION] Shleifer, Andrei. Summers, Lawrence H. Waldmann, Robert J.(1990a) Noise Trader Risk in Financial … - Web Search
JB De Long - Cited by 2
Journal of Political Economy

[PDF] Informed Speculation and Hedging in a Noncompetitive Securities Market
M Spiegel, A Subrahmanyam - Cited by 52
... existing models based on Kyle (1984, 1985), in which larger amounts of noise trading
unambiguously decrease the expected losses per noise trader, since these ...
Review of Financial Studies, 1992 - rfs.oupjournals.org - rfs.oupjournals.org - rfs.oupjournals.org - ideas.repec.org

Orange juice and weather
R Roll - Cached - Cited by 66
... "Noise Trader Risk in Financial Markets," J. Bradford De Long's Working Papers _124,
University of California at Berkeley, Economics Department [Downloadable!]. ...
American Economic Review, 1984 - ideas.repec.org

Costly arbitrage: Evidence from closed-end funds
J Pontiff - Cached - Cited by 58
... These findings are consistent with noise trader models of asset pricing. JEL
Classifications: G12. Accepted Paper Series. Abstract has been viewed 230 times. ...
Quarterly Journal of Economics, 1996 - papers.ssrn.com - ideas.repec.org

[PDF] The impact of trader type on the futures volatility-volume relation.
RT Daigler, MK Wiley - Cited by 24
... strongly associated with private in- formation and less likely to trade on noise. ...
have the largest number of significant coefficients over all trader categories ...
Journal of Finance, 1999 - blackwell-synergy.com - ingenta.com - collegeofbusiness.fau.edu - papers.ssrn.com

Forecasting the Forecasts of Others
R Townsend - Cached - Cited by 49
... "Noise Trader Risk in Financial Markets," J. Bradford De Long's Working Papers _124,
University of California at Berkeley, Economics Department [Downloadable!]. ...
Journal of Political Economy, 1983 - ideas.repec.org

The Economic Consequences of Noise Traders
JB De Long, A Shleifer, LH Summers, RJ Waldmann, … - Cached - Cited by 10
... of revision: Publication status: published as "Noise Trader Risk in Financial Markets,"
Journal of Political Economy, Vol.98, No.4, (August 1990), pp.703-738. ...
Journal of Political Economy, 1990 - ideas.repec.org - palm.nber.org - mykedev.nber.org - ww.nber.org

Price destabilizing speculation
OD Hart, DM Kreps - Cached - Cited by 23
... "Noise Trader Risk in Financial Markets," J. Bradford De Long's Working Papers _124,
University of California at Berkeley, Economics Department [Downloadable!]. ...
Journal of Political Economy, 1986 - ideas.repec.org

The term structure of interest rates revisited
NG Mankiw, MP Page - Cached - Cited by 44
... "Noise Trader Risk in Financial Markets," J. Bradford De Long's Working Papers _124,
University of California at Berkeley, Economics Department [Downloadable!]. ...
Brookings Papers on Economic Activity, 1986 - ideas.repec.org - palm.nber.org - nber.org - ww.nber.org

[PDF] On the survival of overcon" dent traders in a competitive securities market
D Hirshleifer, GY Luo - View as HTML - Cited by 24
... De Long, Bradford, J., Shleifer, A., Summers, LH, Waldmann, R., 1990. Noise Trader
risk in "nancial markets. Journal of Political Economy 99 (4), 703}738. ...
Journal of Financial Markets, 2001 - rci.rutgers.edu - papers.ssrn.com - ideas.repec.org

[PDF] Market efficiency and accounting research: a discussion of ‘capital market research in accounting …
C Lee - View as HTML - Cited by 17
... Or perhaps they just like to trade. In short, we are a noise trader whenever we
act on a signal that ultimately proves to be value-irrelevant. ...
Journal of Accounting and Economics, 2001 - fek.uu.se - ssb.rochester.edu - mgt.buffalo.edu - ideas.repec.org - all 5 versions »

Permanent and temporary components of stock prices
EF Fama, KR French - Cached - Cited by 376
... "Noise Trader Risk in Financial Markets," J. Bradford De Long's Working Papers _124,
University of California at Berkeley, Economics Department [Downloadable!]. ...
Journal of Political Economy, 1988 - ideas.repec.org

[PDF] Testing for non-linear structure in an artificial financial market
SH Chen, T Lux, M Marchesi - View as HTML - Cited by 15
... switches in the prevailing mood among noise traders (optimistic or pessimistic)
as well as switches of agents between the noise trader and fundamentalist group ...
Journal of Economic Behavior and Organization, 2001 - econ.uniurb.it - aiecon.org - caronte.dma.unive.it - all 9 versions »

[PDF] Noise Trading, Costly Arbitrage, and Asset Prices: Evidence from Closed-end Funds
G Gemmill, DC Thomas - Cited by 12
... Furthermore, if noise-trader risk is systematicrather than idiosyncratic!, it will
need to be rewarded and the asset price will trade at a discount to ...
Journal of Finance, 2002 - ingenta.com - afajof.org - staff.city.ac.uk - papers.ssrn.com - all 6 versions »

[PDF] Trading costs, liquidity, and asset holdings
R Bhushan… - Cited by 12
... A noise trader who has no discretion in selecting an asset for trading corresponds
to an investor who is forced to trade in some particular risky asset because ...
Review of Financial Studies, 1991 - rfs.oupjournals.org - ingenta.com - ingenta.com - ideas.repec.org - all 5 versions »

Subjective Information and Market Efficiency in a Betting Market
S Figlewski - Cached - Cited by 22
... "Noise Trader Risk in Financial Markets," J. Bradford De Long's Working Papers _124,
University of California at Berkeley, Economics Department [Downloadable!]. ...
Journal of Political Economy, 1979 - ideas.repec.org

[PDF] Noise Trader Demand in Futures Markets
DR Sanders, SH Irwin, RM Leuthold - View as HTML - Cited by 1
Page 1. Noise Trader Demand. in Futures Markets. ... OFOR Paper Number 96-02 June 1996.
Page 2. A particular type of noise trader is a positive feedback trader. ...
OFOR Working Paper, 1996 - econwpa.wustl.edu - wueconb.wustl.edu - papers.ssrn.com - ideas.repec.org - all 5 versions »

Pension Reform, The Stock Market, Capital Formation and Economic Growth: A Critical Commentary on …
D Info, F Function - Cached - Cited by 21
... Shleifer, Andrei & Summers, Lawrence H, 1990. "The Noise Trader Approach to Finance,"
Journal of Economic Perspectives, Vol. 4 (2) pp. 19-33. ...
ideas.repec.org

[PDF] Rational Herding in Financial Economics
A Devenow, I Welch - View as HTML - Cited by 78
... 615. Shleifer, Andrei and Lawrence H. Summers, 1990, The noise trader approach
to finance, Journal of Economic Perspectives 4, no. 2, 19-33. ...
European Economic Review, 1996 - welch.som.yale.edu - papers.ssrn.com - ideas.repec.org

[PDF] Predictable Price Patterns and Excess Volatility: A Noise Trader Approach
G Kanatas, FA Wang - View as HTML - Cited by 1
... A Noise Trader Approach. George Kanatas and F. Albert Wang. ... Page 2. Predictable
Price Patterns and Excess Volatility: A Noise Trader Approach. ...
Working Paper, December 2003 - ruf.rice.edu

[PDF] Noise Traders, Market Sentiment, and Futures Price Behavior
DR Sanders, SH Irwin, RM Leuthold - View as HTML - Cited by 2
... Abstract. The noise trader sentiment model of De Long, Shleifer, Summers,
and Waldmann (1990a) is applied to futures markets. The ...
Working Paper. University of Illinois at Urbana-Champaign, 1997 - wueconb.wustl.edu - econwpa.wustl.edu - econwpa.wustl.edu - papers.ssrn.com

[PDF] Noise Trader Risk Exists… but the noise traders are not who you think they are
A Jackson - View as HTML - Cited by 1
Page 1. Noise Trader Risk Exists… but the noise traders. are not who you think they
are. ... evidence of noise trader risk in a broad equity market context. ...
Working Paper, 2003 - phd.london.edu - taloustieteet.oulu.fi - efmaefm.org - papers.ssrn.com - all 5 versions »
...

Posted by DeLong at November 18, 2004 06:47 PM | TrackBack
Comments

Err...

What exactly is the purpose of posting several screen's worth of uncommented Google results ?

A few more words about Google scholar and fewer examples would have been friendlier to read.

Just a criticism of a single entry in an otherwise very nice weblog

Posted by: khr at November 18, 2004 11:30 PM

Yes, which of these would you recommend ?

Posted by: Marshall Eubanks at November 19, 2004 04:40 AM

These articles are old, almost all of them. Is that the point of the post?

Posted by: Matt at November 19, 2004 06:41 AM

You guys are missing the point. He googled himself!

Posted by: Half at November 19, 2004 09:59 AM

I don't know. I tried "endogenous risk" just for fun and found a better grade of stuff than with a regular seach engine; most of the junk had been eliminated already.

Posted by: Jim Harris at November 19, 2004 10:02 AM

Exactly. Anybody working as an academic in finance knows exactly what DSSW stands for - some of the best and most relevant work done in our field in the last twenty years. And I heard Mike Jensen (of all people) praise it in a seminar just this morning.

Posted by: Dirk at November 19, 2004 12:33 PM

Seems like a very very useful tool.

It finds stuff that needs a great deal of more search in a university library.

Posted by: Nick Kaufman at November 19, 2004 02:25 PM

You all are missing the point. This is almost a return to the early days of the WWW. You can search without getting everyplace that is selling something. I like it.

Posted by: Yoursinthedesert at November 19, 2004 08:31 PM

It's kind of depressing that most of the articles - at least in the Humanities - are inaccessible without either paying per article or having access to a university library. Considering that the spirit of academia is tied to the free flow of information - and largely underwritten by tuition and tax dollars from the general public - it's sad that academic publishing has become so commercialized.

Posted by: William Davis at November 20, 2004 11:34 AM

"It's kind of depressing that most of the articles - at least in the Humanities - are inaccessible without either paying per article or having access to a university library..."

Yes. I wish Google had a checkbox for "Only return results of articles _anyone_ can read for free".

Posted by: Anna at November 20, 2004 02:55 PM

Anna, send that suggestion as feedback to google. As the system is in the test stage, they will be interested in suggestions.

Posted by: khr at November 21, 2004 12:24 AM