Anomalies: Foreign Exchange | Zendy

Kenneth Froot | Zendy; Richard H. Thaler | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

Anomalies: Foreign Exchange

Author(s) -

Kenneth Froot,

Richard H. Thaler

Publication year - 1990

Publication title -

the journal of economic perspectives

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 9.614

H-Index - 196

eISSN - 1944-7965

pISSN - 0895-3309

DOI - 10.1257/jep.4.3.179

Subject(s) - variety (cybernetics) , test (biology) , perspective (graphical) , null hypothesis , economics , foreign exchange , efficient market hypothesis , statistical hypothesis testing , alternative hypothesis , positive economics , econometrics , computer science , monetary economics , statistics , mathematics , artificial intelligence , paleontology , horse , stock market , biology

most (all?) behavior can be explained by assuming that agents have stable, well-defined preferences and make rational choices consistent with those preferences in markets that (eventually) clear. An empirical result qualifies as an anomaly if it is difficult to "rationalize," or if implausible assumptions are necessary to explain it within the paradigm. This column will present a series of such anomalies. Readers are invited to suggest topics for future columns by sending a note with some reference to (or better yet copies of) the relevant research. Comments on anomalies printed here are also welcome. The address

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research