Abel, A.B. Asset prices under heterogeneous beliefs: Implications for the equity premium.pdf>. 1989 University of Pennsylvania: Philadelphia, PA
Acharya, V. ; Pedersen, L. Asset pricing with liquidity risk. 2005 Journal of Financial Economics. 77 375-410
Admati, A.R. ; Pfleiderer, P. AÂ theory of intraday patterns: Volume and price variability. 1988 Review of Financial Studies. 1 3-40
Amilon, H. Estimation of an adaptive stock market model with heterogeneous agents. 2008 Journal of Empirical Finance. 15 342-362
Asquith, P. ; Pathak, P.A. ; Ritter, J.R. Short interest, institutional ownership, and stock returns. 2005 Journal of Financial Economics. 78 243-276
Avramov, D. ; Chordia, T. ; Jostova, G. ; Philipov, A. Dispersion in analysts’ earnings forecasts and credit rating. 2009 Journal of Financial Economics. 91 83-101
Baak, S.J. Tests for bounded rationality with a linear dynamic model distorted by heterogeneous expectations. 1999 Journal of Economic Dynamics and Control. 23 1517-1543
Basak, S. Asset pricing with heterogeneous beliefs. 2005 Journal of Banking & Finance. 29 2849-2881
Bessembinder, H. ; Chan, K. ; Seguin, P.J. An empirical examination of information, differences of opinion, and trading activity. 1996 Journal of Financial Economics. 40 105-134
Boehme, R.D. ; Danielsen, B.R. ; Kumar, P. ; Sorescu, S.M. Idiosyncratic risk and the cross-section of stock returns: Merton (1987) meets Miller (1977). 2009 Journal of Financial Markets. 12 438-468
Boehme, R.D. ; Danielsen, B.R. ; Sorescu, S.M. Short sale constraints, differences of opinion, and overvaluation. 2006 Journal of Financial and Quantitative Analysis. 41 455-487
Boswijk, H.P. ; Hommes, C.H. ; Manzan, S. Behavioral heterogeneity in stock prices. 2007 Journal of Economic Dynamics and Control. 31 1938-1970
Carhart, M.M. On persistence in mutual fund performance. 1997 The Journal of Finance. 52 57-82
Carlin, B.I. ; Longstaff, F.A. ; Matoba, K. Disagreement and asset prices. 2014 Journal of Financial Economics. 114 226-238
Chang, E.C. ; Cheng, J.W. ; Yu, Y. Short-Sales constraints and price discovery: Evidence from the Hong Kong market. 2007 The Journal of Finance. 62 2097-2121
Chavas, J.-P. On information and market dynamics: The case of the U.S. beef market. 2000 Journal of Economic Dynamics and Control. 24 833-853
Chen, J. ; Hong, H. ; Stein, J.C. Breadth of ownership and stock returns. 2002 Journal of Financial Economics. 66 171-205
Chen, L. ; Qin, L. ; Zhu, H. Opinion divergence, unexpected trading volume and stock returns: Evidence from China. 2015 International Review of Economics & Finance. 36 119-127
Chen, X. ; Harford, J. ; Li, K. Monitoring: Which institutions matter?. 2007 Journal of Financial Economics. 86 279-305
Choi, J.J. ; Jin, L. ; Yan, H. What does stock ownership breadth measure?. 2013 Review of Finance. 17 1239-1278
Chordia, T. ; Roll, R. ; Subrahmanyam, A. Evidence on the speed of convergence to market efficiency. 2005 Journal of Financial Economics. 76 271-292
Danielsen, B.R. ; Sorescu, S.M. Why do option introductions depress stock prices? A study of diminishing short sale constraints. 2001 Journal of Financial and Quantitative Analysis. 36 451-484
David, A. Heterogeneous beliefs, speculation, and the equity premium. 2008 The Journal of Finance. 63 41-83
Diether, K.B. ; Malloy, C.J. ; Scherbina, A. Differences of opinion and the cross section of stock returns. 2002 The Journal of Finance. 57 2113-2141
Ellen, S.t. ; Zwinkels, R.C.J. Oil price dynamics: A behavioral finance approach with heterogeneous agents. 2010 Energy Economics. 32 1427-1434
Fama, E.F. ; French, K.R. The capital asset pricing model: Theory and evidence. 2004 The Journal of Economic Perspectives. 18 25-46
Fama, E.F. ; French, K.R. The cross-section of expected stock returns. 1992 The Journal of Finance. 47 427-465
Figlewski, S. The informational effects of restrictions on short sales: Some empirical evidence. 1981 Journal of Financial and Quantitative Analysis. 16 463-476
Fong, W.M. Speculative trading and stock returns: A stochastic dominance analysis of the Chinese A-share market. 2009 Journal of International Financial Markets, Institutions and Money. 19 712-727
- Foster, F.D. ; Viswanathan, S. AÂ theory of interday variations in volumes, variances, and trading costs in securities markets. 1990 Review of Financial Studies. 3 593-624
Paper not yet in RePEc: Add citation now
Franke, R. Applying the method of simulated moments to estimate a small agent-based asset pricing model. 2009 Journal of Empirical Finance. 16 804-815
Frijns, B. ; Lehnert, T. ; Zwinkels, R.C.J. Behavioral heterogeneity in the option market. 2010 Journal of Economic Dynamics and Control. 34 2273-2287
Garfinkel, J.A. Measuring investors’ opinion divergence. 2009 Journal of Accounting Research. 47 1317-1348
Garfinkel, J.A. ; Sokobin, J. Volume, opinion divergence, and returns: A study of post-earnings announcement drift. 2006 Journal of Accounting Research. 44 85-112
Grossman, S.J. On the efficiency of competitive stock markets where trades have diverse information. 1976 The Journal of Finance. 31 573-585
Grossman, S.J. ; Stiglitz, J.E. On the impossibility of informationally efficiency markets. 1980 The American Economic Review. 70 393-408
Harris, M. ; Raviv, A. Differences of opinion make a horse race. 1993 Review of Financial Studies. 6 473-506
Harrison, J.M. ; Kreps, D.M. Speculative investor behavior in a stock market with heterogeneous expectations. 1978 Quarterly Journal of Economics. 92 323-336
Jones, C.M. ; Lamont, O.A. Short-sale constraints and stock returns. 2002 Journal of Financial Economics. 66 207-239
Kandel, E. ; Pearson, N.D. Differential interpretation of public signals and trade in speculative markets. 1995 Journal of Political Economy. 103 831-872
Kandel, E. ; Zilberfarb, B.-Z. Differential interpretation of information in inflation forecasts. 1999 The Review of Economics and Statistics. 81 217-226
Karpoff, J.M. The relation between price changes and trading volume: A survey. 1987 Journal of Financial and Quantitative Analysis. 22 -
Kyle, A.S. Continuous auctions and insider trading. 1985 Econometrica. 53 1315-1336
Lee, B.S. ; Li, W. ; Wang, S.S. The dynamics of individual and institutional trading on the Shanghai Stock Exchange. 2010 Pacific-Basin Finance Journal. 18 116-137
- Lee, C.M.C. ; Swaminathan, B. Price momentum and trading volume. 2000 The Journal of Finance. 55 2017-2069
Paper not yet in RePEc: Add citation now
Mei, J. ; Scheinkman, J.A. ; Xiong, W. Speculative trading and stock prices: Evidence from Chinese A-B share premia. 2009 Annals of Economics and Finance. 10 225-255
Milgrom, P. ; Stokey, N. Information, trade and common knowledge. 1982 Journal of Economic Theory. 26 17-27
Miller, E.M. Risk, uncertainty, and divergence of opinion. 1977 The Journal of Finance. 32 1151-1168
Nagel, S. Short sales, institutional investors and the cross-section of stock returns. 2005 Journal of Financial Economics. 78 277-309
Ng, L. ; Wu, F. The trading behavior of institutions and individuals in Chinese equity markets. 2007 Journal of Banking & Finance. 31 2695-2710
Opie, W. ; Zhang, H.F. Investor heterogeneity and the cross-sectional stock returns in China. 2013 Pacific-Basin Finance Journal. 25 1-20
Perold, A.F. The capital asset pricing model. 2004 The Journal of Economic Perspectives. 18 3-24
Scheinkman, J.A. ; Xiong, W. Overconfidence and speculative bubbles. 2003 Journal of Political Economy. 111 1183-1219
Shiller, R.J. From efficient markets theory to behavioral finance. 2003 The Journal of Economic Perspectives. 17 83-104
Varian, H.R. Divergence of opinion in complete markets: A note. 1985 The Journal of Finance. 40 309-317
Wang, X.L. ; Shi, K. ; Fan, H.X. Psychological mechanisms of investors in Chinese stock markets. 2006 Journal of Economic Psychology. 27 762-780