Plausibly Exogenous - Learning from Noise (07/23/2021)
LHS Variable
Trading volume
RHS Variable
Randomly experienced noise
Source of Exogenous Variation
1.5 million investors participate in allocation lotteries for Indian IPO stocks
- Anagol, Balasubramaniam, and Ramadorai (2021), “Learning from noise: Evidence from India’s IPO lotteries”