How are trading activity and performance impacted by material events during individual investors' lifetimes? Using a unique dataset, we identify transfers of common stock initiated by the major event of divorce and analyze trading patterns and performance of divorced traders. In aggregate,...

This paper presents the construction of a particle filter, which incorporates elements inspired by genetic algorithms, in order to achieve accelerated adaptation of the estimated posterior distribution to changes in model parameters. Specifically, the filter is designed for the situation where...

We study the relationship between asset prices and short sale constraints by investigating how characteristics of institutional investors affect their willingness to lend stock to short sellers. We find that stocks with higher portfolio weights and stocks in which institutional investors traded...