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Beauty Contests, Bubbles and Iterated Expectations in Asset Markets Capital Adequacy Regulation: In Search of a Rationale

Allen, Franklin; Morris, Stephen; Shin, Hyun Song - Financial Institutions Center, Wharton School of Business - 2003

Persistent link: https://www.econbiz.de/10005794326

Beauty Contests and Iterated Expectations in Asset Markets

Allen, Franklin; Morris, Stephen; Shin, Hyun Song - In: Review of Financial Studies 19 (2006) 3, pp. 719-752

In a financial market where traders are risk averse and short lived and prices are noisy, asset prices today depend on the average expectation today of tomorrow's price. Thus (iterating this relationship) the date 1 price equals the date 1 average expectation of the date 2 average expectation of...

Persistent link: https://www.econbiz.de/10005564121

Beauty Contests, Bubbles and Iterated Expectations in Asset Markets

Allen, Franklin; Morris, Stephen; Shin, Hyun Song - Cowles Foundation for Research in Economics, Yale University - 2003

In a financial market where traders are risk averse and short lived, and prices are noisy, asset prices today depend on the average expectation today of tomorrow's price. Thus (iterating this relationship) the date 1 price equals the date 1 average expectation of the date 2 average expectation...

Persistent link: https://www.econbiz.de/10005463972

Beauty Contests, Bubbles and Iterated Expectations in Asset Markets

Morris, Stephen; Allen, Franklin; Shin, Hyun Song - School of Management, Yale University - 2004

Persistent link: https://www.econbiz.de/10005586926

Beauty Contests, Bubbles and Iterated Expectations in Asset Markets

Allen, Franklin; Morris, Stephen; Shin, Hyun Song - www.najecon.org - 2003

Persistent link: https://www.econbiz.de/10005708293

[Rezension von: Allen, Franklin, ..., Financial innovation and risk sharing]

Shin, Hyun Song - In: The economic journal : the journal of the Royal … 105 (1995) 433, pp. 1681-1683

Persistent link: https://www.econbiz.de/10001347504

Beauty contests, bubbles and iterated expectations in asset markets

Allen, Franklin (contributor); Morris, Stephen (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001754502

Beauty contests, bubbles and iterated expectations in asset markets

Allen, Franklin; Morris, Stephen; Shin, Hyun Song - 2003

Persistent link: https://www.econbiz.de/10001739988

Beauty contests and iterated expectations in asset markets

Allen, Franklin; Morris, Stephen; Shin, Hyun Song - In: The review of financial studies 19 (2006) 3, pp. 719-752

Persistent link: https://www.econbiz.de/10003358376

Beauty Contests and Iterated Expectations in Asset Markets

Allen, Franklin; Morris, Stephen; Shin, Hyun Song - In: The review of financial studies 19 (2013) 3, pp. 719-718

Persistent link: https://www.econbiz.de/10010114578