The simplest rational greater-fool bubble model

DOI10.1016/J.JET.2018.01.001MaRDI QIDQ1753680zbMATH OpenOpenAlexFDO

Authors Feng Liu, John R. Conlon

Publication date 29 May 2018

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jet.2018.01.001

zbMATH Keywords

asymmetric informationgreater-fool bubble

Mathematics Subject Classification ID

Economic growth models (91B62)

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Cites work

• A finite model of riding bubbles
• A leverage-based model of speculative bubbles
• A note on 'fulfilled expectations' equilibria
• A robust model of bubbles with multidimensional uncertainty
• Asset Bubbles and Overlapping Generations
• Bubbles and Crashes
• Depth of knowledge and the effect of higher order uncertainty
• Finite bubbles with short sale constraints and asymmetric information
• Simple Finite Horizon Bubbles Robust to Higher Order Knowledge
• Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations

Cited in

(11)

• scientific article; zbMATH DE number 1997577 (Why is no real title available?)
• The impact of interest rate policy on individual expectations and asset bubbles in experimental markets
• A THREE‐STATE RATIONAL GREATER‐FOOL BUBBLE MODEL WITH INTERTEMPORAL CONSUMPTION SMOOTHING
• Rational bubbles and middlemen
• A model of financial pyramid with quasi-rational participants
• Classic rational bubbles and representativeness
• A formalization of the greater fools theory with dynamic epistemic logic
• Optimal bubble riding with price-dependent entry: a mean field game of controls with common noise
• Simple Finite Horizon Bubbles Robust to Higher Order Knowledge
• Speculative bubbles and talent misallocation
• Ex ante versus interim rationality and the existence of bubbles

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