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Noise Traders

Gary B. Gorton

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

James Dow

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. G14

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Date posted: May 17, 2006  

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

Contact Information

Gary B. Gorton (Contact Author)
Yale School of Management ( email )
165 Whitney Ave
P.O. Box 208200
New haven, CT 06511
United States
HOME PAGE: http://mba.yale.edu/faculty/profiles/gorton.shtml
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
James Dow
London Business School - Institute of Finance and Accounting ( email )
Sussex Place
Regent's Park
London NW1 4SA
United Kingdom
+44 20 7262 5050 (Phone)
+44 20 7724 3317 (Fax)
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