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Stock Prices and Social Dynamics
Open accessAbstract
The empirical evidence that is widely interpreted as supporting the efficient markets theory in finance actually does not rule out the possibility that changing fashions or fads among investors have an important influence on prices in financial markets. A model of the impact of such fashions on prices is proposed and used in an exploratory data analysis of the aggregate United States Stock Market in the 20th century.
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Metadata
- Authors
- Shiller, R. J., Fischer, S., & Friedman, B. M.
- Venue
- Brookings Papers on Economic Activity
- Publisher
- JSTOR
- Published
- 1984
- Volume
- 1984
- Issue
- 2
- Pages
- 457
- ISSN
- 0007-2303 (ISSN-L)
- OpenAlex
- W1975140694
- Cited by
- 1,610
- References
- 0
- FWCI
- 48.28
- Type
- journal article
- Language
- en
- Open access
- green
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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