This paper examines the recency bias and overreaction in the NFL betting market from 2003 to 2017. Consistent with the … recency bias, bettors are more likely to bet on teams who have won previous outcomes. We add to the literature and find that …-rational behavior as they commit the recency bias …

We show that mutual fund managers' trading experiences bias their future repurchasing decisions. Specifically, a fund … informed-trading hypothesis, the repurchasing bias harms fund performance: repurchased winners outperform funds trading these …

The momentum anomaly is widely attributed to investor cognitive biases, but the trigger of cognitive biases is largely … whether momentum returns are associated with high stock price synchronicity, a manifestation of noisy firm …-specific information. Our results demonstrate that momentum is more pronounced in the presence of high stock price synchronicity. This …

The momentum anomaly is widely attributed to investor cognitive biases, but the trigger of cognitive biases is largely … whether momentum returns are associated with high stock price synchronicity, a manifestation of noisy firm …-specific information. Our results demonstrate that momentum is more pronounced in the presence of high stock price synchronicity. This …