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Complexity, evolution and learning : empirical and experimental validation of heterogeneous expectations

Hommes, Cars H. - In: Complexity and spatial networks : in search of simplicity, (pp. 91-104). 2009

Persistent link: https://www.econbiz.de/10003908204

Endogenous Participation, Risk, and Learning in the Stock Market

Shin, Michael - 2019

A simple asset pricing model with endogenous participation and subjective risk can explain both the negative cross-country correlation between participation rates and the volatility of excess returns along with the time-varying participation rates in the data. Belief-driven learning dynamics are...

Persistent link: https://www.econbiz.de/10012868061

Endogenous participation, risk, and learning in the stock market

Shin, Michael - In: Macroeconomic dynamics 26 (2022) 3, pp. 649-681

Persistent link: https://www.econbiz.de/10013187241

Erklärung von "Mean Reversion" auf internationalen Aktienmärkten

Tolksdorf, Norbert - 2002

Trotz jahrzehntelanger Forschung zur Gültigkeit der Hypothese informationseffizienter Kapitalmärkte (EMH) sind wesentliche damit verbundene Fragestellungen noch immer ungeklärt. Eine ist diejenige nach der Existenz und der Erklärung von zeitvariablen Überrenditen ("Time Varying Excess...