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Optimal expectations
Brunnermeier, Markus K.
;
Parker, Jonathan A.
-
London School of Economics (LSE)
-
2002
heterogeneous, leading to
gambling
. Second, in a consumption-saving problem with stochastic income, agents are both overconfident …
Persistent link: https://www.econbiz.de/10010746723
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How to gamble against all odds
Peretz, Ron
;
Bavly, Gilad
-
London School of Economics (LSE)
-
2014
A decision maker observes the evolving state of the world while constantly trying to predict the next state given the history of past states. The ability to benefit from such predictions depends not only on the ability to recognize patters in history, but also on the range of actions available...
Persistent link: https://www.econbiz.de/10011126199
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