On the structure and diversity of rational beliefs
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Publication:1339023
DOI10.1007/BF01213817zbMATH Open0811.90022MaRDI QIDQ1339023FDOQ1339023
Publication date: 7 May 1995
Published in: Economic Theory (Search for Journal in Brave)
Bayesian problems; characterization of Bayes procedures (62C10) Economics of information (91B44) Memory and learning in psychology (91E40)
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Cited In (52)
- Equity premium with distorted beliefs: a puzzle
- Survival in Cournot games
- Monetary policy with linear information costs
- Properties of equilibrium asset prices under alternative learning schemes
- Price stabilizing, Pareto improving policies
- Heterogeneous beliefs, the term structure and time-varying risk premia
- Non-stationary, stable Markov processes on a continuous state space
- Financial leverage and market volatility with diverse beliefs
- Markets do not select for a liquidity preference as behavior towards risk
- Beauty contests under private information and diverse beliefs: How different?
- On rationally confident beliefs and rational overconfidence
- The role of expectations in economic fluctuations and the efficacy of monetary policy
- Adaptive learning and distributional dynamics in an incomplete markets model
- Construction of a state space for interrelated securities with an application to temporary equilibrium theory
- A framework for the analysis of self-confirming policies
- Evolution of forecast disagreement in a Bayesian learning model
- Ergodic theorems for extended real-valued random variables
- Belief revision, rational choice and the unity of reason
- Market crashes, speculation and learning in financial markets
- On attitude polarization under Bayesian learning with non-additive beliefs
- Learning, rare events, and recurrent market crashes in frictionless economies without intrinsic uncertainty
- The term structure of Sharpe ratios and arbitrage-free asset pricing in continuous time
- General equilibrium with endogenous uncertainty and default
- Business cycle amplification with heterogeneous expectations
- Monetary policy and heterogeneous expectations
- The diversity of forecasts from macroeconomic models of the US economy
- A Note on Rationalizability and Restrictions on Beliefs
- Behavioral heterogeneity in the option market
- Ergodic properties of conditional forecast functions of stable systems
- Expectational coordination in simple economic contexts. Concepts and analysis with emphasis on strategic substituabilities
- The loan contract with costly state verification and subjective beliefs
- Modeling diverse expectations in an aggregated New Keynesian model
- Heterogeneous beliefs and routes to chaos in a simple asset pricing model
- Coordination and correlation in Markov rational belief equilibria
- Endogenous uncertainty in a general equilibrium model with price contingent contracts
- On rational belief equilibria
- Uniformly self-justified equilibria
- Practical beliefs vs. scientific beliefs: two kinds of maximization
- On the structure of rational acceptance: Comments on Hawthorne and Bovens
- Bounded rational learning in differential information economies: Core and value
- On some topological properties of stable measures
- The rationality of expectations formation
- A DDL approach to pluralistic ignorance and collective belief
- Bounded rationality and learning. Introduction
- Diverse beliefs and time variability of risk premia
- Option values and endogenous uncertainty in ESOPs, MBOs and asset-backed loans
- Rational beliefs and endogenous uncertainty
- Rational belief structures and rational belief equilibria
- Inflation in open economies with complete markets
- Learning under unawareness
- Welfare effects of short-sale constraints under heterogeneous beliefs
- Rational overconfidence and social security: subjective beliefs, objective welfare
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