Reference health
An Alternative Behavioral Explanation for the MAX Effect
80/80 checkable references clean · checked 2026-08-03
Every reference with a DOI in the deposited reference list resolved to a known work in Crossref or DataCite at the dated check, and none carried a retraction, withdrawal, or removal notice.
15 without a DOI — not checked. A reference deposited without a DOI is never matched by title or guessed at; it stays outside the checked set, and this line discloses that.
The 80 checked references that resolve
resolves10.1111/j.1540-6261.1980.tb03466.x
Quarterly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis
resolves10.1016/S1386-4181(01)00024-6
Illiquidity and stock returns: cross-section and time-series effects
resolves10.1111/j.1911-3846.1997.tb00531.x
Option Trading, Price Discovery, and Earnings News Dissemination*
resolves10.1287/mnsc.2018.3205
Lottery-Related Anomalies: The Role of Reference-Dependent Preferences
resolves10.1016/j.jbankfin.2013.05.015
Are extreme returns priced in the stock market? European evidence
resolves10.1017/S0022109017000035
Information Characteristics and Errors in Expectations: Experimental Evidence
resolves10.1016/j.jfineco.2010.08.014
Maxing out: Stocks as lotteries and the cross-section of expected returns
resolves10.1111/0022-1082.00226
Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors
resolves10.1093/rfs/hhm079
All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors
resolves10.1257/aer.98.5.2066
Stocks as Lotteries: The Implications of Probability Weighting for Security Prices
resolves10.1016/0165-4101(90)90008-R
Evidence that stock prices do not fully reflect the implications of current earnings for future earnings
resolves10.1016/S0304-405X(03)00146-6
Stock price reaction to news and no-news: drift and reversal after headlines
resolves10.1287/mnsc.2017.2830
Maxing Out Globally: Individualism, Investor Attention, and the Cross Section of Expected Stock Returns
resolves10.1080/07350015.1997.10524715
Profitability of Short-Term Contrarian Strategies: Implications for Market Efficiency
resolves10.1016/j.jempfin.2018.03.001
The robust “maximum daily return effect as demand for lottery” and “idiosyncratic volatility puzzle”
resolves10.1002/bdm.1773
True Overconfidence in Interval Estimates: Evidence Based on a New Measure of Miscalibration
resolves10.1093/rof/rfm008
Framing Effects in Stock Market Forecasts: The Difference Between Asking for Prices and Asking for Returns
resolves10.1111/0022-1082.00184
A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets
resolves10.1111/j.1540-6261.1986.tb04494.x
Earnings Announcements, Stock Price Adjustment, and the Existence of Option Markets
resolves10.1287/mnsc.2017.2838
Post-Earnings-Announcement Drift and the Return Predictability of Earnings Levels: One Effect or Two?
resolves10.1111/0022-1082.285595
The Impact of Options Trading on the Market Quality of the Underlying Security: An Empirical Analysis
resolves10.1016/j.jfineco.2011.04.003
Investor attention, psychological anchors, and stock return predictability
resolves10.1023/A:1024477831740
Post-Earnings Announcement Drift and Market Participants' Information Processing Biases
resolves10.1016/j.finmar.2018.05.001
When are extreme daily returns not lottery? At earnings announcements!
resolves10.1111/0022-1082.00078
Volume, Volatility, Price, and Profit When All Traders Are Above Average
resolves10.1016/S0378-4266(00)00091-1
Return predictability following large price changes and information releases
resolves10.1016/j.jfineco.2012.06.011
Stock returns after major price shocks: The impact of information
resolves10.1016/j.jempfin.2020.03.002
When is a MAX not the MAX? How news resolves information uncertainty
resolves10.1016/j.jbankfin.2016.01.007
The MAX effect: An exploration of risk and mispricing explanations
resolves10.2307/1913610
A Simple, Positive Semi-Definite, Heteroskedasticity and Autocorrelation Consistent Covariance Matrix
The 15 references without a DOI — listed, not checked
no DOI — not checkedref13
no DOI — not checkedref18
no DOI — not checkedA model of investor sentiment
no DOI — not checkedref26
no DOI — not checkedThe role of psychological barriers in lotteryrelated anomalies
no DOI — not checkedref43
no DOI — not checkedref47
no DOI — not checkedref50
no DOI — not checkedref54
no DOI — not checkedReactions to news and reasoning by exemplars, Working Paper
no DOI — not checkedSkewness, individual investor preference, and the cross-section of stock returns
no DOI — not checkedA simple, positive semi-definite, heteroskedasticity and autocorrelation consistent covariance matrix
no DOI — not checkedref92
no DOI — not checkedA model of investor sentiment
no DOI — not checkedLiquidity risk and expected stock returns
What this badge says. CiteStamped means the CHECKABLE references of this
work were clean at the dated check: each resolved to a known work in a public registry, and none
carried a retraction notice at that time. It says nothing about the quality, findings,
or importance of the work itself, and nothing about references deposited without a DOI.
checked 2026-08-03 — re-checked daily as this page is visited; titles and statuses come from Crossref and DataCite and are not part of the signed record
Embed this badge
Both snippets point at the live badge image and link back to this page. The badge re-renders from the daily check, so an embed never goes stale by more than a day of visits.
<a href="https://citestamp.com/citestamped/10.2139/ssrn.3214438"><img src="https://citestamp.com/citestamped/10.2139/ssrn.3214438/badge.svg" alt="CiteStamped reference-health badge" width="460" height="64"></a>
[](https://citestamp.com/citestamped/10.2139/ssrn.3214438)