considers the evidence on return predictability, risk aversion and market efficiency. The paper then focuses on the theoretical … norm, but it is likely to be punctuated with episodes of bubbles and crashes. The paper also considers if market … inefficiencies (assuming that they exist) can be exploited for profit. -- market efficiency ; predictability ; heterogeneity of …

We propose a theory that jointly accounts for an asset illiquidity and for the asset price potential over-reliance on …

suggest that there is a 2-hour window before close of business to exploit momentum effects on days with abnormal returns. On … the following day momentum effects occur after positive abnormal returns, and contrarian (momentum) effects in the case of …

This paper examines whether there exists a momentum effect after one-day abnormal returns in the cryptocurrency market … returns is different on overreaction days compared to normal days; H2) there is a momentum effect on overreaction days, and H3 … day when it occurs, which implies the existence of a momentum effect on that day giving rise to exploitable profit …