Article | Journal of Finance | September 1992

Herd on the Street: Informational Inefficiencies in a Market with Short-Term Speculation

by Kenneth Froot, David S. Scharfstein and Jeremy Stein

Keywords: rational expectations; Asset Pricing; Behavioral Finance;

Citation:

Froot, Kenneth, David S. Scharfstein, and Jeremy Stein. "Herd on the Street: Informational Inefficiencies in a Market with Short-Term Speculation." Journal of Finance 47, no. 4 (September 1992): 1461–1484. (Revised from NBER Working Paper No. 3250, February 1990.)