Nofsinger, John R.; Varma, Abhishek - In: Journal of Banking & Finance 37 (2013) 7, pp. 2572-2585
When determining a stock to buy, Strahilevitz et al. (2011) demonstrate that individual investors often repurchase a stock previously traded for a profit as a learning process. When evaluating a decision, people use the most available information that comes to mind. We posit that the most...