Noise Traders

9 Pages Posted: 17 May 2006  

Gary B. Gorton

Yale School of Management; National Bureau of Economic Research (NBER)

James Dow

London Business School - Institute of Finance and Accounting

Multiple version iconThere are 2 versions of this paper

Date Written: April 25, 2006

Abstract

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.

Keywords: Noise Traders, Financial Markets, Market Efficiency

JEL Classification: G1, G12. G14

Suggested Citation

Gorton, Gary B. and Dow, James, Noise Traders (April 25, 2006). Available at SSRN: https://ssrn.com/abstract=901857 or http://dx.doi.org/10.2139/ssrn.901857

Gary B. Gorton (Contact Author)

Yale School of Management ( email )

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HOME PAGE: http://mba.yale.edu/faculty/profiles/gorton.shtml

National Bureau of Economic Research (NBER)

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James Dow

London Business School - Institute of Finance and Accounting ( email )

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United Kingdom
+44 20 7262 5050 (Phone)
+44 20 7724 3317 (Fax)

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