Speculative overpricing in asset markets with information flows

DOI10.3982/ECTA8781zbMATH Open1274.91196OpenAlexW1577140021MaRDI QIDQ2859522FDOQ2859522

Authors: Thomas R. Palfrey, Stephanie W. Wang 

Publication date: 8 November 2013

Published in: Econometrica (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.3982/ecta8781

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zbMATH Keywords

asset pricingheterogeneous beliefsspeculationexperimental finances

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Economics of information (91B44)

Cited In (7)

• On the Road to Making Science of “Art”: Risk Bias in Market Scoring Rules
• Corrigendum to “Trading and Information Diffusion in Over‐the‐Counter Markets”
• Informed speculation with k-level reasoning
• Speculative dynamics
• Manipulating market sentiment
• Two classes of speculative peaks
• Underreaction to fundamental information and asymmetry in mispricing between bullish and bearish markets. An experimental study

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