Browsing Congressos / RP by Title "Individuals neglect the informational role of prices: evidence from the stock market"

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Individuals neglect the informational role of prices: evidence from the stock market

Chague, Fernando Daniel; Bueno, Rodrigo de Losso da Silveira; Giovannetti, Bruno Cara
2018-02

We find that a stock price fall in itself induces individual investors to buy the stock. That is, individuals neglect the negative information that may be attached to a stock price fall. Our identification strategy uses ...