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Financial speculators' underperformance: Learning, self-selection, and endogenous liquidity
Reza Mahani
,
Dan Bernhardt
Economics
Gies College of Business
Finance
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Keyphrases
Underperformance
100%
Speculators
100%
Traders
100%
Self-selection
100%
Endogenous Liquidity
100%
Bid-ask Spread
50%
Empirical Regularity
50%
Equilibrium Model
25%
Learning Model
25%
Past Performance
25%
Behavioral Theory
25%
Trade Intensity
25%
Asset Prices
25%
Liquidity Shock
25%
Real Shocks
25%
Economics, Econometrics and Finance
Bid-Ask Spread
100%
Equilibrium Model
50%
Price
50%