.... The implication of this model is asymmetric response to positive and negative shocks. The third explanation consistent with EMH is the microstructure based explanations. A few empirical studies have tested whether volume can predict future returns. Conrad et al. (1994) evidenced price reversal...

... (2007) and Bijl et al. (2016) to employ regression approach of econometric estimation. Findings The authors find that high Google search volumes lead to positive returns. More precisely, the high Google search volumes predict positive and significant returns in the subsequent fourth...

...Stephen Foerster Behavioral researchers argue that although individuals often rely on heuristics or rules of thumb that reduce the complexity involved in predicting values, such heuristics can lead to severe and systematic errors. I test this argument in an investment context by focusing...