Assignment 5 Spring 2020

Due: May 10, 11:59pm Investments

Submit your assignment in one .pdf/.doc/.docx file. Append your Stata/SAS/R/Python

codes at the end of your assignment if there are any. Please name your assignment as
“A5 StudentID Name”. Email your assignment to TA via (zhangwangruc@ruc.edu.cn).

Read the journal article Huberman and Regev (2001) carefully. Please provide a reading
summary with respect to the following questions.

1. What is the main event that the paper examines?

2. What do the authors conclude from their analysis?

3. How is the paper related to market efficiency?

4. Do you believe these findings?

Please try to limit your writings to one A4 page, definitely no more than two.

References
Huberman, Gur and Tomer Regev, “Contagious Speculation and a Cure for Cancer: A
Nonevent that Made Stock Prices Soar,” Journal of Finance, 2001, 56 (1), 387–396.