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Market Panics, Frenzies, and Informational Efficiency ...€¦ · more frequently and severely when predicted by theory. However, because subjects use momentum-like strategies, rushing
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Market Panics, Frenzies, and Informational Efficiency ... · until receiving full information. Although market rushes are far more common and severe in Rush (where they are equilibrium
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CONTENTS · result in stock market crashes and frenzies in auctions. The stock mar-ket might still be rising prior to a crash if bad news is hidden and not reflected in the price.
GLM 2015-2016 - Sciences Po · PDF fileGLM 2015-2016 . T. wo days into our ... in its construction. ... architectural frenzies of the Burj al-Arab and Burj Khalifa, adopting a historical
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