Two regression coefficients often used in Finance, the <link rid="b23">Scholes-Williams (1977)</link> quasi-multiperiod 'thin-trading' beta and the <link rid="b19">Hansen-Hodrick (1980)</link> overlapping-periods regression coefficient, can both be written as instrumental-variables estimators. Competitors are Dimson's beta and the...

Does one make money trading on the deviations between observed bond prices and values proposed by bond-pricing models? We extend <link rid="b34">Sercu and Wu's (1997)</link> work to more models and more data, but we especially refine the methodology. In particular, we provide a normal-return benchmark that markedly...

We investigate the impact of vividness on trading behavior in an experimental asset market, by contrasting vivid with pallid presentation of information. Vivid information is characterized as emotionally engaging and proximate, while pallid information is purely factual. Our design enables us to...