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Andrei Shleifer
Researcher at Harvard University
Publications - 519
Citations - 286543
Andrei Shleifer is an academic researcher from Harvard University. The author has contributed to research in topics: Government & Shareholder. The author has an hindex of 171, co-authored 514 publications receiving 271880 citations. Previous affiliations of Andrei Shleifer include National Bureau of Economic Research & University of Chicago.
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A Model of Investor Sentiment
TL;DR: This article presented a parsimonious model of investor sentiment that is, of how investors form beliefs that is consistent with the empirical findings of underreaction and overreaction of stock prices to news.
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The Economic Consequences of Noise Traders
TL;DR: In this article, the authors present a simple overlapping-generations model of the stock market in which noise traders with erroneous and stochastic beliefs significantly affect prices and earn higher returns than do rational investors.
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The Evolution of Precedent
TL;DR: In this paper, the authors evaluate Richard Posner's famous hypothesis that common law converges to efficient legal rules using a model of precedent setting by appellate judges, assuming that judicial decisions are subject to personal biases, and that changing precedent is costly to judges.
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La proteccion del inversionista y la administracion corporativa
TL;DR: In this article, the authors describe the differences in laws and the effectiveness of their enforcement and explain how well investors, both shareholders and creditors, are protected by law from expropriation by the managers and controlling shareholders of firms.