Markets with heterogeneous beliefs: a necessary and sufficient condition for a trader to vanish

DOI10.1016/j.jedc.2017.03.008zbMath1401.91064OpenAlexW2586291208MaRDI QIDQ1655574

Filippo Massari

Publication date: 9 August 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://ueaeprints.uea.ac.uk/id/eprint/76213/1/Accepted_Manuscript.pdf

zbMATH Keywords

learningasset pricinggeneral equilibriummarket selectionheterogenous beliefs

Mathematics Subject Classification ID

Related Items (8)

Evolutionary game theory: a renaissance ⋮ Survival in speculative markets ⋮ Market selection and learning under model misspecification ⋮ Market selection with an endogenous state ⋮ Long-run heterogeneity in an exchange economy with fixed-mix traders ⋮ Price probabilities: a class of Bayesian and non-Bayesian prediction rules ⋮ Market selection in large economies: A matter of luck ⋮ Learning from ambiguous and misspecified models

Cites Work

• Market selection
• Evolution and market behavior
• `Nobody is perfect': asset pricing and long-run survival when heterogeneous investors exhibit different kinds of filtering errors
• Market selection with learning and catching up with the Joneses
• Evolution and market behavior with endogenous investment rules
• The market organism: Long-run survival in markets with heterogeneous traders
• Comment on If You're so Smart, Why Aren't You Rich? Belief Selection in Complete and Incomplete Markets
• Natural Selection in Financial Markets: Does It Work?
• Relative Extinction of Heterogeneous Agents
• If You're so Smart, why Aren't You Rich? Belief Selection in Complete and Incomplete Markets
• Probability with Martingales
• MARKET SELECTION OF FINANCIAL TRADING STRATEGIES: GLOBAL STABILITY
• Do Markets Favor Agents able to Make Accurate Predictions?
• Asset price and wealth dynamics under heterogeneous expectations
• Unbiased Disagreement in Financial Markets, Waves of Pessimism and the Risk-Return Trade-off*
• Consensus Consumer and Intertemporal Asset Pricing with Heterogeneous Beliefs
• Markets with Countably Many Commodities

This page was built for publication: Markets with heterogeneous beliefs: a necessary and sufficient condition for a trader to vanish