The dynamics of efficient asset trading with heterogeneous beliefs
From MaRDI portal
Publication:629331
DOI10.1016/j.jet.2010.08.007zbMath1244.91066OpenAlexW2137472796MaRDI QIDQ629331
Publication date: 9 March 2011
Published in: Journal of Economic Theory (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1016/j.jet.2010.08.007
Related Items
Recursive equilibrium with price perfect foresight and a minimal state space ⋮ Survival in speculative markets ⋮ Consumption dynamics in general equilibrium: a characterisation when markets are incomplete ⋮ Market selection with an endogenous state ⋮ Market selection ⋮ Investment and bilateral insurance ⋮ Long-run heterogeneity in an exchange economy with fixed-mix traders ⋮ Momentum and reversal in financial markets with persistent heterogeneity ⋮ Price probabilities: a class of Bayesian and non-Bayesian prediction rules
Cites Work
- Unnamed Item
- Optimal growth with many consumers
- Recursive utility and the Ramsey problem
- Asset trading volume in a production economy
- Development of ideas and methods of Chebyshev in probability theory
- Another note on the Borel-Cantelli lemma and the strong law, with the Poisson approximation as a by-product
- On tail probabilities for martingales
- The market organism: Long-run survival in markets with heterogeneous traders
- WELFARE ECONOMICS AND EXISTENCE OF AN EQUILIBRIUM FOR A COMPETITIVE ECONOMY
- If You're so Smart, why Aren't You Rich? Belief Selection in Complete and Incomplete Markets
- Controlling a Stochastic Process with Unknown Parameters
- Toward a Theory of Discounted Repeated Games with Imperfect Monitoring
- Do Markets Favor Agents able to Make Accurate Predictions?
- On Bayes procedures
- An Asymtotic Theory of Bayesian Inference for Time Series
- Speculative Investor Behavior and Learning
