Learning and Asset Prices Under Ambiguous Information
نویسندگان
چکیده
منابع مشابه
Agent-based analysis of asset pricing under ambiguous information
ions, pricing and other behavior is derived. Chapman and Polkovnichenko (2009) have recently shown that the lack of agent heterogeneity inherent in the representative agent approach may have important implications, particularly when the agent is not an expected utility maximizer. Specifically, these authors demonstrated that adding even one more agent to a market can qualitatively change the co...
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ژورنال
عنوان ژورنال: Review of Financial Studies
سال: 2007
ISSN: 0893-9454,1465-7368
DOI: 10.1093/rfs/hhm035