Noise Trader Risk in Financial Markets
β Scribed by J. Bradford De Long, Andrei Shleifer, Lawrence H. Summers and Robert J. Waldmann
- Book ID
- 125539300
- Publisher
- University of Chicago Press
- Year
- 1990
- Tongue
- English
- Weight
- 555 KB
- Volume
- 98
- Category
- Article
- ISSN
- 0022-3808
- DOI
- 10.2307/2937765
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
## Abstract This paper develops and simulates a model of a Bayesian market maker who transacts with noise and position traders in derivative markets. The impact of noise trading is examined relative to price determination in FX futures, noise transmission from futures to options, and riskβmanagemen
## Abstract The above article (DOI: 10.1002/ijfe.373) was published online in Early View on 25 July 2008. On page 1 of the initial online publication of this article, the third author's surname was incorrectly spelled. The correct spelling should be: KAREN HOVSEPIAN.