Anarchism, postmodernism and realism under confirmatory bias
نویسندگان
چکیده
منابع مشابه
Adaptive Expectations , Confirmatory Bias , and Informational Efficiency
We study the informational efficiency of a market with a single traded asset. The price initially differs from the fundamental value, about which the agents have noisy private information (which is, on average, correct). A fraction of traders revise their price expectations in each period. The price at which the asset is traded is public information. The agents’ expectations have an adaptive co...
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ژورنال
عنوان ژورنال: SERIEs
سال: 2011
ISSN: 1869-4187,1869-4195
DOI: 10.1007/s13209-011-0042-y