thechinesewarrantsbubble权证泡沫中的投资者交.pdfVIP

1 Investor Trading During the Chinese Put Warrants Bubble* Neil Pearson Zhishu Yang October 2013 *We thank Yang Zhao for excellent research assistance. 2 “Bubbles” in Asset Pricing • There is long-standing theoretical interest in “bubbles,” dating at least to Smith (1776), who attributed them to