Heterogeneous beliefs and tests of present value models

DOI10.1093/RESTUD/RDT051MaRDI QIDQ4610669zbMATH OpenOpenAlexFDO

Authors Kenneth Kasa, Todd B. Walker, Charles H. Whiteman

Publication date 23 January 2019

Published in Review of Economic Studies (Search for Journal in Brave)

Full work available at URL https://semanticscholar.org/paper/a4547d95a3384865f7b28ce1443e2addb9eaf73d

zbMATH Keywords

asset pricingexcess volatilityheterogeneous beliefs

Mathematics Subject Classification ID

Applications of statistics to economics (62P20)

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(16)

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• Efficient `myopic' asset pricing in general equilibrium: a potential pitfall in excess volatility tests
• Beauty contests under private information and diverse beliefs: How different?

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