Live fast, die young

DOI10.1007/S00199-015-0894-7MaRDI QIDQ324358zbMATH OpenOpenAlexFDO

Authors Elyès Jouini, Clotilde Napp

Publication date 11 October 2016

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://basepub.dauphine.fr/handle/123456789/16291

zbMATH Keywords

learningrational expectationsirrational beliefsmarket elimination

Mathematics Subject Classification ID

General equilibrium theory (91B50) Rationality and learning in game theory (91A26)

Recommendations

• Bounded Rationality and Asset Pricing with Intermediate Consumption*
• Darwinian adverse selection
• Do Markets Favor Agents able to Make Accurate Predictions?
• How Fast do Rational Agents Learn?
• Market selection with learning and catching up with the Joneses

Cites work

• Belief heterogeneity and survival in incomplete markets
• Consensus Consumer and Intertemporal Asset Pricing with Heterogeneous Beliefs
• Do Markets Favor Agents able to Make Accurate Predictions?
• Evolutionary beliefs and financial markets
• Informed Speculation with Imperfect Competition
• Natural selection in financial markets: does it work?

Cited in

(5)

• Darwinian adverse selection
• Strategically biased learning in market interactions
• Live fast, die young: equilibrium and survival in large economies
• Long-run heterogeneity in an exchange economy with fixed-mix traders
• Can irrational investors survive in the long run? The role of generational type transmission

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