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?How trading more can lead to higher returns
Active managers, particularly those running smaller or high-fee funds, are skilled at exploiting profit opportunities.
Funds that charge more—particularly smaller funds—earn higher returns from trading more.
Lubos Pastor, Robert F. Stambaugh, and Lucian A. Taylor, “Do Funds Make More When They Trade More?” Working paper, February 2015.
How the inelastic markets hypothesis makes sense of seemingly inexplicable price movement
What Explains the Volatility in Financial Markets?Investors and academics debated exit versus voice.
To Drive Change, Should Investors Divest or Engage?The Capitalisn’t podcast welcomes two experts with differing views on the performance of private equity.
Capitalisn’t: Is Private Equity a Good Investment?Your Privacy
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