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Title:Pundits and quacks : financial experts and market feedback Author(s):RUDIGER, Jesper; VIGIER, AdrienDate:2014Type:Working PaperSeries/Number:EUI MWP; 2014/22Abstract:By choosing whether or not to follow a financial expert’s advice, a privately informed trader implicitly screens the ability of this expert. We explore the performance of the resulting feedback mechanism. In the medium ...