Market crashes, speculation and learning in financial markets

DOI10.1007/S00199-007-0310-ZzbMath1156.91378OpenAlexW1988435270MaRDI QIDQ1006579

Patrick L. Leoni

Publication date: 25 March 2009

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-007-0310-z

zbMATH Keywords

learningasset pricingrational expectationsprice convergence

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Rationality and learning in game theory (91A26)

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• Learning, rare events, and recurrent market crashes in frictionless economies without intrinsic uncertainty
• On the structure and diversity of rational beliefs
• Speculative trade, asset prices and investment levels
• Global convergence of adaptive learning in models of pure exchange
• Excess demand functions
• Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations
• Do Markets Favor Agents able to Make Accurate Predictions?
• On the Convergence to Homogeneous Expectations when Markets are Complete
• EDGEWORTH EXPANSIONS FOR SPECTRAL DENSITY ESTIMATES AND STUDENTIZED SAMPLE MEAN
• Economies with a Finite Set of Equilibria

This page was built for publication: Market crashes, speculation and learning in financial markets