Showing 1 - 10 of 130
Persistent link: https://www.econbiz.de/10010206687
Persistent link: https://www.econbiz.de/10011924254
Persistent link: https://www.econbiz.de/10010384185
This paper introduces a tractable, structural model of subjective beliefs. Since agents that plan for the future care … overestimate the return of their investment and underdiversify. In general equilibrium, agents' prior beliefs are endogenously … and overoptimistic, and consume more than implied by rational beliefs early in life. Third, in choosing when to undertake …
Persistent link: https://www.econbiz.de/10010746723
Persistent link: https://www.econbiz.de/10011504767
Persistent link: https://www.econbiz.de/10010492079
Persistent link: https://www.econbiz.de/10010439597
Persistent link: https://www.econbiz.de/10012052649
Persistent link: https://www.econbiz.de/10012130536
Persistent link: https://www.econbiz.de/10012131636