reswitching activities and short-term thinking of bounded rational investors. Negative bubbles (market prices lower than … fundamentals) tend to occur if active portfolio managers exhibit high risk aversion, but are less frequent than positive bubbles …. -- stock; market ; passive; trading ; financial; stability ; arbitrage ; trading ; financial ; bubbles ; Heterogeneous ; Agent …

This study presents an analysis of the impact of asset price bubbles on the markets for cryptocurrencies and con …-siders the standard risk management measure Value-at-Risk (“VaR”). We apply the theory of local martingales, present a styled … model of asset price bubbles in continuous time and perform a simulation experiment featuring one- and two …

This study presents an analysis of the impact of asset price bubbles on the markets for cryptocurrencies and con …-siders the standard risk management measure Value-at-Risk (“VaR”). We apply the theory of local martingales, present a styled … model of asset price bubbles in continuous time and perform a simulation experiment featuring one- and two …

interdependence and contagion effects. There is only limited evidence for asset rotation, and it involves mostly Ripple. Bubbles in …

reviews the theory and literature on market efficiency and market anomalies. We give a brief review on market efficiency and …. This review is useful to academics for developing cutting-edge treatments of financial theory that EMH, anomalies, and …