Optimism, pessimism and financial bubbles

DOI10.1016/J.JEDC.2014.01.022MaRDI QIDQ1994428zbMATH OpenOpenAlexFDO

Authors Bertrand Wigniolle

Publication date 1 November 2018

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.jedc.2014.01.022

zbMATH Keywords

rational bubblesRDU preferences

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Economics of information (91B44) Economic growth models (91B62)

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Cites work

• scientific article; zbMATH DE number 53507 (Why is no real title available?)
• Assessing Dynamic Efficiency: Theory and Evidence
• Asset Bubbles and Overlapping Generations
• Behavioral heterogeneity in stock prices
• Bubbly Liquidity
• Characterizing efficiency in stochastic overlapping generations models
• Comonotonicity axioms and rank-dependent expected utility theory for arbitrary consequences
• Dominant root characterization of Pareto optimality and the existence of optimal equilibria in stochastic overlapping generations models
• Handbook of computational economics. Vol. 2: Agent-based computational economics
• Intertemporal Asset Pricing under Knightian Uncertainty
• Le Comportement de l'Homme Rationnel devant le Risque: Critique des Postulats et Axiomes de l'Ecole Americaine
• More hedging instruments may destabilize markets
• On rational exuberance
• Optimism, pessimism and financial bubbles
• Social Security and Demographic Shocks
• Stationary Pareto optimality of stochastic asset equilibria with overlapping generations
• Stationary equilibria in an overlapping generations economy with stochastic production
• Stationary monetary equilibria in overlapping generations models with incomplete markets

Cited in

(6)

• Optimism, pessimism and financial bubbles
• Idiosyncratic risks, self-insurance, and stochastic bubbles
• An exploration of the effects of pessimism and doubt on asset returns.
• Rational bubbles and macroeconomic fluctuations: the (de-)stabilizing role of monetary policy
• International transmission of bubble crashes in a two-country overlapping generations model
• A note on effects of rational bubble on portfolios

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