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Myopic Rationality in a Mania
Campbell, Gareth - 2015
The rationality of investors during asset price bubbles has been the subject of considerable debate. An analysis of the …
Persistent link: https://www.econbiz.de/10013031024
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Riding the South Sea Bubble
Temin, Peter; Voth, Hans-Joachim - 2012
This paper presents a case study of a well-informed investor in the South Sea bubble. We argue that Hoare's Bank, a fledgling West End London banker, knew that a bubble was in progress and that it invested knowingly in the bubble; it was profitable to ride the bubble. Using a unique dataset on...
Persistent link: https://www.econbiz.de/10014073923
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Credit Provision and Stock Trading : Evidence From the South Sea Bubble
Braggion, Fabio - 2020
This paper studies the mechanism that relates credit provision to asset prices. On one extreme, cheap credit may reduce the cost of capital and increase prices without trading. On the other extreme, naive borrowers may unsuccessfully ride a bubble. We collect every stock transaction for three...
Persistent link: https://www.econbiz.de/10012848786
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Riding the South Sea bubble
Temin, Peter (contributor); Voth, Hans-Joachim (contributor) - 2003 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10002118929
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Explaining house price fluctuations
Hott, Christian - 2009
Persistent link: https://www.econbiz.de/10003939973
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Diagnosis and prediction of market rebounds in financial markets
Yan, Wanfeng; Woodard, Ryan; Sornette, Didier - 2010
We introduce the concept of “negative bubbles” as the mirror image of standard financial bubbles, in which positive … feedback mechanisms may lead to transient accelerating price falls. To model these negative bubbles, we adapt the Johansen …-Ledoit-Sornette (JLS) model of rational expectation bubbles with a hazard rate describing the collective buying pressure of noise traders …
Persistent link: https://www.econbiz.de/10003979508
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Rational and irrational bubbles : an experiment
Moinas, Sophie; Pouget, Sebastien - 2009
Persistent link: https://www.econbiz.de/10003983814
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A heterogenous agent foundation for tests of asset price bubbles
Arora, Vipin; Shi, Shuping - 2013
Persistent link: https://www.econbiz.de/10009773729
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Asset price bubbles : a selective survey
Scherbina, Anna - 2013
Persistent link: https://www.econbiz.de/10009726553
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Asset Price Bubbles : A Selective Survey
Scherbina, Anna - 2013
Why do asset price bubbles continue to appear in various markets? This paper provides an overview of recent literature … on bubbles, with significant attention given to behavioral models and rational models with frictions. Unlike the standard … insights for how bubbles are initiated and sustained, the reasons they burst, and why arbitrage forces do not routinely step in …
Persistent link: https://www.econbiz.de/10014395388