How TV Affects Traders
(3 min read)
You’d think traders are so focused on making money they pay little attention to TV. But that’s not the conclusion of Joel Peress and Daniel Schmidt in their recently published Journal of Finance paper, Glued to the TV: Distracted Noise Traders and Stock Market Liquidity. They find that sensational, non-market related news headlines distract amateur traders, and this ends up impacting the behaviour of small stocks...
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