Gary B. Gorton
Yale School of Management; National Bureau of Economic Research (NBER)
London Business School - Institute of Finance and Accounting
April 25, 2006
Noise traders are agents whose theoretical existence has been hypothesized as a way of solving certain fundamental problems in Financial Economics. We briefly review the literature on noise traders. The is an entry for The New Palgrave: A Dictionary of Economics, 2nd Edition (Palgrave Macmillan: New York), edited by Steven N. Durlauf and Lawrence E. Blume, forthcoming in 2008.
Number of Pages in PDF File: 9
Keywords: Noise Traders, Financial Markets, Market Efficiency
JEL Classification: G1, G12. G14working papers series
Date posted: May 17, 2006
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