Bubbles and crashes: A vicious cycle of self-fulfilling investor sentiment

Bao, Te; Hommes, Cars; and Makarewicz, Tomasz (2017) Bubbles and crashes: A vicious cycle of self-fulfilling investor sentiment. [Online resource]
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When traders expect an asset price to go up, they buy more, raising aggregate demand and driving up prices, write Te Bao, Cars Hommes and Tomasz Makarewicz


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