Evolution of heterogeneous beliefs and asset overvaluation

DOI10.1016/J.JMATECO.2008.10.003zbMath1179.91094OpenAlexW3122539139MaRDI QIDQ845608

Dmitry A. Shapiro

Publication date: 29 January 2010

Published in: Journal of Mathematical Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.jmateco.2008.10.003

zbMATH Keywords

heterogeneous expectationsevolutionary dynamicsselection mechanismsovervaluation

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Related Items (2)

Empirical properties of a heterogeneous agent model in large dimensions ⋮ Procedural rationality, asset heterogeneity and market selection

Cites Work

• Unnamed Item
• Evolutionary dynamics in markets with many trader types
• On the performance of efficient portfolios
• A robust rational route to randomness in a simple asset pricing model
• Evolution and market behavior
• Heterogeneous beliefs and routes to chaos in a simple asset pricing model
• Heterogeneous beliefs, risk and learning in a simple asset pricing model
• If You're so Smart, why Aren't You Rich? Belief Selection in Complete and Incomplete Markets
• A Rational Route to Randomness
• VOLATILITY CLUSTERING IN FINANCIAL MARKETS: A MICROSIMULATION OF INTERACTING AGENTS
• Asset price and wealth dynamics under heterogeneous expectations
• MEAN VARIANCE PREFERENCES, EXPECTATIONS FORMATION, AND THE DYNAMICS OF RANDOM ASSET PRICES
• The “Fallacy” of Maximizing the Geometric Mean in Long Sequences of Investing or Gambling

This page was built for publication: Evolution of heterogeneous beliefs and asset overvaluation