File: Research Pdf 54934 | 18df02216241dce72a5944dc735 66d5d43f 241f9
behavior based manipulation chunsheng zhou peking university jianping mei new york university this version october 03 zhou is from guanghua school of management peking university beijing 100871 china e mail ...
Filetype PDF | Posted on 21 Aug 2022 | 4 years ago
The words contained in this file might help you see if this file matches what you are looking for:
...Behavior based manipulation chunsheng zhou peking university jianping mei new york this version october is from guanghua school of management beijing china e mail zhoucs gsm pku edu cn department finance stern business west th street ny jmei nyu we are grateful to helpful discussions with franklin allen and wei xiong also thank bin liu jiaqi tang for able research assistance abstract if investors not fully rational what can smart money do paper provides an example in which strategically take advantage behavioral biases manipulate the price process make profit considers three types traders driven who have two momentum trading dispositional effect arbitrage urs a manipulator influence asset prices show that due limit pump dump strategy by accumulating speculative while pushing up then selling at high since nobody has private information investigated here completely trade endogenously derives several pricing anomalies including excess volatility reversal jel g studies economics such as ka...