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B. DeLong, A. Shleifer, L. Summers and R. Waldmann, “Noise Trader Risk in Financial Markets,” Journal of Political Economy, Vol. 98, No. 4, 1990, pp. 703-738.
http://dx.doi.org/10.1086/261703

has been cited by the following article:

• TITLE: Investor Naïveté and Asset Prices

  AUTHORS: Jonathan Cook

  KEYWORDS: Level-k- Model; Nonequilibrium Strategic Thinking; Technical Analysis

  JOURNAL NAME: Journal of Mathematical Finance, Vol.3 No.4, November 4, 2013

  ABSTRACT: This paper describes strategic behavior in a nonequilibrium model of asset pricing with heterogeneous sophistication. Both risk and return are increasing in the na?veté of investors in the market. Optimal investment involves in considering the effect that na?e investors have on the market. Further, we derive a simple characterization of the asset price dynamics that results from an arbitrary combination of a countably infinite set of investor types.