Noise Trader Risk and Wealth Effect: A Theoretical Framework
This paper discusses the impact of noise trader risk on total consumption and investor consumption. The model predicts that: (1) If noise traders show optimistic beliefs, they will have a restraining effect on the total consumption when the noise trading intensity is high enough, they will expand co...
Main Authors: | Cong Chen, Changsheng Hu, Hongxing Yao |
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Format: | Article |
Language: | English |
Published: |
MDPI AG
2022-10-01
|
Series: | Mathematics |
Subjects: | |
Online Access: | https://www.mdpi.com/2227-7390/10/20/3873 |
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