Showing 1 - 10 of 6,324
Persistent link: https://www.econbiz.de/10014519926
Persistent link: https://www.econbiz.de/10011993672
Persistent link: https://www.econbiz.de/10014429382
We consider a market economy where two rational agents are able to learn the distribution of future events. In this context, we study whether moving away from the standard Bayesian belief updating, in the sense of under-reaction to some degree to new information, may be strategically convenient...
Persistent link: https://www.econbiz.de/10012797563
Persistent link: https://www.econbiz.de/10012133852
Persistent link: https://www.econbiz.de/10014483207
Persistent link: https://www.econbiz.de/10013393338
Persistent link: https://www.econbiz.de/10011748507
Persistent link: https://www.econbiz.de/10012501307
We propose an extension of the class of rational expectations bubbles (REBs) to the more general rational beliefs … beliefs can thus account for speculative bubbles, without the need for irrational agents or limits to arbitrage. Many of the … shortcomings of REBs that make rational bubbles implausible can be overcome once we relax the ergodicity requirement. In particular …
Persistent link: https://www.econbiz.de/10012919580