Experience Stern | Faculty & Research

Excerpt from MarketWatch -- "Stock market crashes are inevitable, and we’re kidding ourselves if we think otherwise. That, at least, is the stark conclusion to emerge from research conducted several years ago into the frequency of crashes: 'Institutional Investors and Stock Market Volatility,' by Xavier Gabaix, a finance professor at New York University, and three scientists at Boston University’s Center for Polymer Studies: H. Eugene Stanley, Parameswaran Gopikrishnan and Vasiliki Plerou."

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