A MODEL OF NEAR-RATIONAL EXUBERANCE

DOI10.1017/S1365100509090208zbMath1229.91268OpenAlexW3122526282MaRDI QIDQ3564814

George W. Evans, James Bullard, Seppo Honkapohja

Publication date: 26 May 2010

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1017/s1365100509090208

zbMATH Keywords

learningexpectationsbounded rationalityasset pricing modelexcess volatility

Mathematics Subject Classification ID

Economic time series analysis (91B84) Statistical methods; economic indices and measures (91B82)

Related Items (6)

Staggered updating in an artificial financial market ⋮ Asset pricing with expectation shocks ⋮ Perpetual learning and apparent long memory ⋮ EXPECTATIONS, STAGNATION, AND FISCAL POLICY: A NONLINEAR ANALYSIS ⋮ Behavioral learning equilibria ⋮ Good luck or good policy? An expectational theory of macro volatility switches

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• Economic Dynamics with Learning: New Stability Results
• THE SHARPE RATIO AND PREFERENCES: A PARAMETRIC APPROACH

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