In 2007, he showed that the sentiments expressed in a column in the Wall Street Journal can influence stock market behaviour.

在2007年，他表明，发表在在华尔街日报的专栏里的情绪词汇能够影响股票市场行为。

youdao

Herd behaviour and psychological feedback loops play a critical part in all stock market crashes but analysts have also tried to look for external triggering events.

从众行为和心理上的反馈回路在所有股市崩溃中起到关键作用。不过分析家们也试图找到外部的触发事件。

youdao

Herd behaviour in stock market means that investors ignore their private information and imitate others when making investment decisions.

股票市场中的羊群行为是指各类投资者忽略私有信息、相互模仿投资决策的现象。

youdao

Motivated by the growing literature studying the effects of stock market mispricing on firm behaviour (see for example Stein 1996, Shleifer and Vishny 2003, and Baker 2009), we develop a simple framework for thinking about how stock market mispricing can offset agency costs and induce controlling shareholders to raise outside equity.

FORBES: Do Inefficient Stock Markets Drive Bad Corporate Governance?