Noise Traders

rdan

Blast from the past but the question remains: How do the wealthy actually plan: rational as in markets, or wealth expectations, see research begun but not continued here:

1990 Noise Traders. Robert will be surprised today.

Update: Link corrected from pdf to html, which is not as easily read. Named authors are Brad DeLong, Andrei Schliefer, Lawrence Summers, Robert Waldmann.