What Explains the Volatility in Financial Markets?
How the inelastic markets hypothesis makes sense of seemingly inexplicable price movement
What Explains the Volatility in Financial Markets?Does past performance predict the future in private equity?
A successful venture capital’s follow-on fund has a good chance of becoming a top performer. That is not so clear for top buyout funds.
Venture-capital managers who had previously run a top-quartile fund ran another top-quartile performer more than 48% of the time.
Robert S. Harris, Tim Jenkinson, Steve Kaplan, and Rudiger Stucke, “Has Persistence Persisted in Private Equity? Evidence From Buyout and Venture Capital Funds,” Working paper, April 2013.
How the inelastic markets hypothesis makes sense of seemingly inexplicable price movement
What Explains the Volatility in Financial Markets?Revisiting a conversation between Eugene F. Fama and Richard H. Thaler on the efficiency of financial markets.
Is the Price Right? Two Nobel Laureates Debate How Markets WorkWhen investors receive dividends, they often use the cash to buy more shares of stock—and not necessarily of the company that issued the dividend.
Dividend Payouts Lead to Stock-Price BumpsYour Privacy
We want to demonstrate our commitment to your privacy. Please review Chicago Booth's privacy notice, which provides information explaining how and why we collect particular information when you visit our website.