Showing 1 - 4 of 4
Persistent link: https://www.econbiz.de/10012102443
We present a self-consistent model for explosive financial bubbles, which combines a mean-reverting volatility process and a stochastic conditional return which reflects nonlinear positive feedbacks and continuous updates of the investors' beliefs and sentiments. The conditional expected returns...
Persistent link: https://www.econbiz.de/10003970340
Persistent link: https://www.econbiz.de/10011859979
Persistent link: https://www.econbiz.de/10011887187