Bounded Rationality and Asset Pricing with Intermediate Consumption*

DOI10.1093/ROF/RFN022MaRDI QIDQ3645208zbMATH OpenOpenAlexFDO

Authors Tony Berrada

Publication date 16 November 2009

Published in Review of Finance (Search for Journal in Brave)

Full work available at URL https://archive-ouverte.unige.ch/unige:45675

Mathematics Subject Classification ID

Recommendations

• Asset price anomalies under bounded rationality
• Consumption-based asset pricing with prospect theory and habit formation
• Optimal consumption under uncertainty, liquidity constraints, and bounded rationality
• Consumption choice and asset pricing with a non-price-taking agent
• Asset pricing in an intertemporal partially-revealing rational expectations equilibrium.
• Intertemporal asset pricing and the marginal utility of wealth
• Consensus Consumer and Intertemporal Asset Pricing with Heterogeneous Beliefs
• Optimal consumption and investment under irrational beliefs
• Bounded rationality and correlated equilibria
• Optimal consumption when capital markets are imperfect

Cited in

(10)

• Consumption choice and asset pricing with a non-price-taking agent
• Optimal consumption-portfolio rules with biased beliefs
• Consumption-based CAPM with belief heterogeneity
• Rational agents might be overweight, underweight, or the physiologically optimal weight
• Sharing idiosyncratic risk even though prices are ``wrong
• Market selection with idiosyncratic uncertainty
• Live fast, die young
• Economic Agents as Imperfect Problem Solvers
• Rational asset pricing bubbles and portfolio constraints
• Overconfidence and market efficiency with heterogeneous agents

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