How investor psychology affects asset prices Patterns of Past Financial Performance Measures. INVESTOR OVERREACTION:

Donohue III: БЂњThe Impact of Legalized Abortion on Crime,БЂ«Quarterly Journal of Economics 116, no. 2 (2001), pp. 379БЂ“420; and БЂњFurther Evidence That Legalized Abortion Lowered Crime: A Response to Joyce,БЂ«Journal of Human Resources 39, no. 1 (2004), pp. 29БЂ“49.7БЂ“9 THE REAL REAL-ESTATE STORY: The study measuring how a real-estate agent treats the sale of her own home versus a clientБЂ™s home is Steven D. Levitt and Chad Syverson, БЂњMarket Distortions When Agents Are Better Informed: A Theoretical and Empirical Exploration of the Value of Information in Real Estate Transactions,БЂ«National Bureau of Economic Research working paper, 2005. / 7БЂ“ 8 The lax California auto mechanics are discussed in Thomas Hubbard, БЂњAn Empirical Examination of Moral Hazard in the Vehicle Inspection Market,БЂ«RAND Journal of Economics 29, no. 1 (1998), pp. 406БЂ“26; and in Thomas Hubbard, БЂњHow Do Consumers Motivate Experts? Reputational Incentives in an Auto Repair Market,БЂ«Journal of Law & Economics 45, no. 2 (2002), pp. 437БЂ“68. / 8 Doctors who perform extra C-sections are examined in Jonathan Gruber and Maria Owings, БЂњPhysician Financial Incentives and Caesarean Section Delivery,БЂ«RAND Journal of Economics 27, no. 1 (1996), pp. 99БЂ“123 ...»