Effects of financial innovations on market volatility when beliefs are heterogeneous
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Publication:1128635
DOI10.1016/S0165-1889(97)00076-6zbMath0899.90039MaRDI QIDQ1128635
Publication date: 13 August 1998
Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)
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Related Items (17)
Equilibrium asset prices and exchange rates ⋮ Aggregation of heterogeneous beliefs ⋮ Consumption-based CAPM with belief heterogeneity ⋮ Cross-sectional asset pricing with heterogeneous preferences and beliefs ⋮ Survival in speculative markets ⋮ The behavior of individual and aggregate stock prices ⋮ Belief aggregation for representative agent models ⋮ The heterogeneous expectations hypothesis: Some evidence from the lab ⋮ A two-person dynamic equilibrium under ambiguity ⋮ Heterogeneous beliefs and asset pricing in discrete time: an analysis of pessimism and doubt ⋮ Incomplete information equilibria: separation theorems and other myths ⋮ Discounting and divergence of opinion ⋮ Heterogeneous beliefs, asset prices, and volatility in a pure exchange economy ⋮ A theory of optimal timing and selectivity ⋮ A model of dynamic equilibrium asset pricing with heterogeneous beliefs and extraneous risk ⋮ Diverse beliefs ⋮ Ambiguity, asset prices, and excess volatility in a pure-exchange economy
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