I. Rational Expectations Equilibrium

1. Hellwig, M. 1980, On the aggregation of information in competitive markets, Journal of Economic Theory, 22, pp477-498.

2. Diamond, D. And R. Verrecchia, 1981, Information aggregation in a noisy rational expectations equilibrium, Journal of Financial Economic, 9, pp221-235.

4. Grossman, S.J. and J.E. Stiglitz, 1980, On the Impossibility of Informationally Efficient Markets, American Economic Review, 70, pp393-408.

5. A. Kyle, 1985, Continuous auctions and inside trading, Econometrica, 53, pp1315-1335.

6. A. Kyle, 1989, Informed Speculation with imperfect competition, Review of Economic Studies, 56, pp 317-356.

II. Differential Timing of Information

7. Bikhchandani S., D. Hirshleifer and I. Welch, 1992, A Theory of Fads, Fashion, Custom, and Cultural Changes as information Cascades, Journal of Political Economy, 100, pp992-1026

8. Banerjee, A.V., 1993, The Economics of Rumours, Review of Economic Studies, 60, pp309- 327.

III. Numerical Solution Techniques

9. Chunsheng Zhou, 1998, Dynamic portfolio choice and asset pricing with differential information, Journal of Economic Dynamics and Control, 22, pp1027-1051

IV. Dynamic Models

10. Berk, J.B. and H. Uhlig, 1993, The Timing of Information in a General Equilibrium Framework, Journal of Economic Theory, 59, pp275-287.

12. Wang, J., 1993, A Model of Intertemporal Asset Pricing Under Asymmetric Information, Review of Economic Studies, 60, pp249-282.

V. Noise Trading and Non-Rational Behavior

13. Black, F, 1986, Noise, The Journal of Finance, 61, pp529-543

14. Zeckhauser, R. J. Patel and D. Hendricks, 1991, Nonrational Actors and Financial Market Behavor, Theory and Decision, 31, pp257-287.

15. De Long, J.B., A. Shleifer, L.H. Summers and R.J. Waldmann, 1990, Noise Trader Risk in Financial Markets, Journal of Political Economy, 98, pp703-737.

VI. Behavioral Finance

17. Chunsheng Zhou, 2003, Behavior Based Manipulation, working paper, Guanghua School of Management, Peking University

18. Sheilfer A. and R. Vishy, 1997, The Limits of Arbitrage, The Journal of Finance, LII, pp35-55.

19. Barberis, N., A. Shleifer, and R. Vishny, 1998, A model of investor sentiment, The Journal of Financial Economics, 49, pp307-343.

20. Barberis, N. and R. H. Thaler, 2003, A Survey of Behavior Finance, Handbook of the Economics of Fiance, edited by Constantinides, Harris and Stulz, Elsevier Science B.V., pp1053-1123

21.Cutler, David M., James M Poterba, and L.H. Summers, 1991, Speculative dynamics, Review of Economic Studies, 58, pp529-546.

22. Daniel, K., D. Hirshleifer, and A. Subrahmanyam, 1998, Investor psychology and security market under- and overreactions, The Journal of Finance, 53, pp1839-1887.

23. De Long, J. Bradford, Andrei Shleifer, Lawrence H. Summers, and Robert J. Waldmann, 1990, Positive feedback investment strategies and destabilizing rational speculation, The Journal of Finance, 45, pp375-395.

24. Diamond, Douglas, and Robert Verracchia, 1987, Constraints on short selling and asset price adjustment to private information, Journal of Financial Economics, 18, pp277-311.

25. Hong, Harrison, and Jeremy C. Stein, 1999, A unified theory of underreaction, momentum trading, and overreaction in asset markets, The Journal of Finance, 54, pp2143-2184.