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Noise
"...one way to think about noise is that it is the opposite of news. Rational traders make decisions on the basis of news (facts, forecasts, etc.). Noise traders make decisions based on anything else."
Most Cited Papers
DELONG, J.B., et al. , 1988. Noise trader risk in financial markets . [Cited by 649 ]
BLACK, F., 1986. Noise . Journal of Finance. [Cited by 360 ]
SHLEIFER, A. and L.H. SUMMERS, 1990. The Noise Trader Approach to Finance . Journal of Economic Perspectives. [Cited by 157 ]
DELONG, J.B., et al. , 1988. The survival of noise traders in financial markets . [Cited by 105 ]
LALOUX, L., et al. , 1999. Noise Dressing of Financial Correlation Matrices . Physical Review Letters. [Cited by 103 ]
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HALL, R.E., 2001. Struggling to Understand the Stock Market . The American Economic Review. [Cited by 72 ] (11.55/year)
HANSEN, P.R. and A. LUNDE, 2006. Realized Variance and Market Microstructure Noise . Journal of Business & Economic Statistics. [Cited by 72 ] (58.36/year)
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PALOMINO, F., 1996. Noise Trading in Small Markets . The Journal of Finance. [Cited by 48 ] (4.27/year)
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SARKAR, A., 1994. On the Equivalence of Noise Trader and Hedger Models in Market Microstructure . Journal of Financial Intermediation. [Cited by 6 ] (0.45/year)
SHEN, C.H. and L.R. WANG, 1990. Examining the Validity of a Test of Futures Market Efficiency: A Comment . The Journal of Futures Markets. [Cited by 17 ] (0.99/year)
SHLEIFER, A. and L.H. SUMMERS, 1990. The Noise Trader Approach to Finance . The Journal of Economic Perspectives. [Cited by 323 ] (18.74/year)
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TRUEMAN, B., 1988. A Theory of Noise Trading in Securities Markets . The Journal of Finance. [Cited by 28 ] (1.46/year)
VITALE, P., 2000. Speculative noise trading and manipulation in the foreign exchange market . Journal of International Money and Finance. [Cited by 15 ] (2.07/year)
WEI, S. and J. KIM, 1997. The big players in the foreign exchange market: Do they trade on information or noise . NBER Working Paper. [Cited by 52 ] (5.08/year)
WHELEHAN, J.J., 2002. Low-noise amplifiers-then and now . Microwave Theory and Techniques, IEEE Transactions on. [Cited by 8 ] (1.53/year)
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ZIERING, B., D.C. LIANG and W. MCINTOSH, pan>. REIT Correlations with Capital Market Indexes: Separating Signal from Noise. Real Estate Finance, 1999<. [Cited by 6 ] (?/year)