Chasing and the house money effect are well-known phenomena in dynamic environments of risky activities such as … than the unbiased group, but chasing is detrimental to their performance and reduces profits by approximately 50%. These …

riskier and lottery-type assets and chasing past returns. After the adoption of smartphones, investors do not substitute …

in them had to be untethered from all fundamentals: the essence of what we call a "pure price-chasing bubble." This paper …, drawn from a book in progress, examines the history of stock markets for comparable pure price-chasing bubbles, finding nine …

riskier and lottery-type assets and chasing past returns. After the adoption of smartphones, investors do not substitute …

in them had to be untethered from all fundamentals: the essence of what we call a "pure price-chasing bubble." This paper …, drawn from a book in progress, examines the history of stock markets for comparable pure price-chasing bubbles, finding nine …

outperformed the stock market (CRSP era) — times when borrowing or attracting return chasing “blind capital” would have been easier …