Showing 1 - 10 of 1,421
Persistent link: https://www.econbiz.de/10010341084
Persistent link: https://www.econbiz.de/10001720975
Persistent link: https://www.econbiz.de/10013443070
Persistent link: https://www.econbiz.de/10009622476
Persistent link: https://www.econbiz.de/10009723838
Persistent link: https://www.econbiz.de/10010489575
We present a standard model of financial innovation, in which intermediaries engineer securities with cash flows that investors seek, but modify two assumptions. First, investors (and possibly intermediaries) neglect certain unlikely risks. Second, investors demand securities with safe cash...
Persistent link: https://www.econbiz.de/10012462586
Persistent link: https://www.econbiz.de/10011699027
We model a financial market in which investor beliefs are shaped by representativeness. Investors overreact to a series of good news, because such a series is representative of a good state. A few bad news do not change investor minds because the good state is still representative, but enough...
Persistent link: https://www.econbiz.de/10012457791
We model a financial market in which investor beliefs are shaped by representativeness. Investors overreact to a series of good news, because such a series is representative of a good state. A few bad news do not change investor minds because the good state is still representative, but enough...
Persistent link: https://www.econbiz.de/10013029565