A Blueprint for a Better Stock Exchange
With the transformation of asset markets over the past two decades, ‘flow trading’ could offer a more flexible and fairer way to trade.
A Blueprint for a Better Stock ExchangeHow investors act like speed daters
Investors contrast earnings announcements with the prior day’s earnings surprises
If yesterday’s earnings announcement was especially bad, today’s news will seem more impressive by comparison.
Samuel Hartzmark and Kelly Shue, “A Tough Act to Follow: Contrast Effects in Financial Markets,” Working paper, June 2015.
With the transformation of asset markets over the past two decades, ‘flow trading’ could offer a more flexible and fairer way to trade.
A Blueprint for a Better Stock ExchangeConsumers underestimate how long debt will persist making only minimum payments.
How Automatic Minimum Credit Card Payments Cost Consumers—and How Regulators Could HelpSome degree of concentration in subprime credit markets could be good for consumers.
When It Comes to Subprime Car Loans, Competition Drives Rates UpYour Privacy
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