Survival in speculative markets
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Publication:2415982
DOI10.1016/j.jet.2019.02.002zbMath1411.91495OpenAlexW3124462540MaRDI QIDQ2415982
Publication date: 23 May 2019
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: http://hdl.handle.net/10278/3699697
asset pricingheterogeneous beliefsspeculationmarket selection hypothesisEpstein-Zin utilityoptimal growth portfolio
Related Items (8)
Drift criteria for persistence of discrete stochastic processes on the line ⋮ Social contagion and the survival of diverse investment styles ⋮ Market selection and learning under model misspecification ⋮ Extrapolative asset pricing ⋮ Market selection with an endogenous state ⋮ Self-enforcement, heterogeneous agents, and long-run survival ⋮ Momentum and reversal in financial markets with persistent heterogeneity ⋮ Market selection in large economies: A matter of luck
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