This paper investigates the dynamics in a simple present discounted value asset pricing model with heterogeneous beliefs. Agents choose from a finite set of predictors of future prices of a risky asset and revise their 'beliefs' in each period in a boundedly rational way, according to a 'fitness mea
Heterogeneous Beliefs, Risk and Learning in a Simple Asset Pricing Model
โ Scribed by Carl Chiarella; Xue-Zhong He
- Book ID
- 110332502
- Publisher
- Springer US
- Year
- 2002
- Tongue
- English
- Weight
- 330 KB
- Volume
- 19
- Category
- Article
- ISSN
- 1572-9974
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