Kelley is at University of Arizona and Tetlock is at Columbia University. The authors thank the following people for their helpful comments: Brad Barber, Robert Battalio, Ekkehart Boehmer, Kent Daniel, Stefano DellaVigna, Simon Gervais, Campbell Harvey, Paul Irvine, Charles Jones, Tim Loughran, Terry Odean, Emiliano Pagnotta, Chris Parsons, Mitchell Petersen, Tano Santos, Nitish Sinha, Sheridan Titman, Scott Weisbenner, and an anonymous Associate Editor and referee, along with participants at the Miami Finance, NYU Five-Star, and WFA conferences, as well as colleagues at Alberta, AQR Capital, Arizona, Columbia, DePaul, Emory, LBS, LSE, Texas A&M, and USC. The authors also thank the University of Arizona and Columbia, respectively, for research support, Travis Box for research assistance, and Dow Jones for access to their news archive. All results and interpretations are the authors’ and are not endorsed by the news or retail order data providers.
How Wise Are Crowds? Insights from Retail Orders and Stock Returns
Version of Record online: 20 MAY 2013
© 2013 the American Finance Association
The Journal of Finance
Volume 68, Issue 3, pages 1229–1265, June 2013
How to Cite
KELLEY, E. K. and TETLOCK, P. C. (2013), How Wise Are Crowds? Insights from Retail Orders and Stock Returns. The Journal of Finance, 68: 1229–1265. doi: 10.1111/jofi.12028
- Issue online: 20 MAY 2013
- Version of Record online: 20 MAY 2013
- Accepted manuscript online: 7 FEB 2013 12:00AM EST
- Manuscript Accepted: 16 JUL 2012
- Manuscript Received: 4 JAN 2011
Disclaimer: Supplementary materials have been peer-reviewed but not copyedited.
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