Barn Door Closing

"Barn door closing, in the horse protection sense, refers to undertaking behavior today that would have been profitable yesterday. Investors seek to reproduce actual or imagined past investment successes by investing today in the same way." [...]"In the first row of the table, we observe an economically large and statistically significant positive coefficient, [beta]₅ in the base regression, on equity returns, which is consistent with barn door closing." Zeckhauser, Patel and Hendricks (1991)

Bibliography

ACTORS, N. and F.M. BEHAVIOR, NBER WORKING PAPERS SERIES. introduction.behaviouralfinance.net. [not cited] (?/year)
BOWERS, J.W., 1994. Kissing Off Economics and Misunderstanding Murphy's Law: Carlson's on the Efficiency of Secured …. Va. L. Rev. [not cited] (0/year)
BRENNAN, M.J. and H.H. CAO, Information, Trade, and Derivative Securities. papers.ssrn.com. [Cited by 72] (?/year)
BRENNAN, M.J. and W.N. TOROUS, 1999. Individual Decision Making and Investor Welfare. Economic Notes. [Cited by 60] (6.37/year)
CHOICE, A., Are Keynesian Uncertainty and Macrotheory Compatible? Conventional Decision Making, Institutional …. people.umass.edu. [Cited by 43] (?/year)
CLARK, G.L., 1998. Why convention dominates pension fund trustee investment decisionmaking. ENVIRONMENT AND PLANNING A. [Cited by 23] (2.21/year)
FILBECK, G., R.F. GORMAN and D.C. PREECE, 1996. Behavioral Aspects of the Intra-Industry Capital Structure Decision. Journal of Financial and Strategic Decisions. [Cited by 3] (0.24/year)
FRANCK, T., 1954. Bricker Amendement in Canada... a Rose-Coloured Optical Illusion, The. Nebraska Law Review. [not cited] (0/year)
LANGEVOORT, D.C., 1991. Theories, Assumptions, and Securities Regulation: Market Efficiency Revisited. University of Pennsylvania Law Review. [Cited by 10] (0.57/year)
MULLENIX, L.S., 2003. No Exit: Mandatory Class Actions in the New Millennium and the Blurring of Categorical Imperatives. U. Chi. Legal F. [not cited] (0/year)
PATEL, J., R. ZECKHAUSER and D. HENDRICKS, 1991. The rationality struggle: Illustrations from financial markets. American Economic Review. [Cited by 45] (2.58/year)
SEIFERT, C.M., et al., 1986. Memory Connections Between Thematically Similar Episodes.. Learning, Memory. [Cited by 64] (2.86/year)
SEILER, M.J., C.T.C. LEONG and M. LANE, 2002. Explaining Apparent Stock Market Anomalies: Irrational Exuberance or Archetypal Human Psychology?. Journal Of Wealth Management. [not cited] (0/year)
ZECKHAUSER, R., J. PATEL and D. HENDRICKS, 1991. Nonrational actors and financial market behavior. Theory and Decision. [Cited by 32] (1.84/year)