Consensus Consumer and Intertemporal Asset Pricing with Heterogeneous Beliefs
From MaRDI portal
Publication:5427685
DOI10.1111/j.1467-937X.2007.00439.xzbMath1206.91043OpenAlexW3125306008MaRDI QIDQ5427685
Publication date: 21 November 2007
Published in: Review of Economic Studies (Search for Journal in Brave)
Full work available at URL: https://doi.org/10.1111/j.1467-937x.2007.00439.x
Auctions, bargaining, bidding and selling, and other market models (91B26) Consumer behavior, demand theory (91B42)
Related Items (32)
Prediction market prices under risk aversion and heterogeneous beliefs ⋮ Live fast, die young: equilibrium and survival in large economies ⋮ Welfare effects of short-sale constraints under heterogeneous beliefs ⋮ Shareholder heterogeneity, asymmetric information, and the equilibrium manager ⋮ Live fast, die young ⋮ Aggregation of heterogeneous beliefs ⋮ Markets with heterogeneous beliefs: a necessary and sufficient condition for a trader to vanish ⋮ Consumption-based CAPM with belief heterogeneity ⋮ Survival in speculative markets ⋮ Belief aggregation for representative agent models ⋮ Are more risk averse agents more optimistic? Insights from a rational expectations model ⋮ Unrealized arbitrage opportunities in naive equilibria with non-Bayesian belief processes ⋮ Insurance pricing in an equilibrium model ⋮ Equilibrium in securities markets with heterogeneous investors and unspanned income risk ⋮ Extrapolative asset pricing ⋮ Market selection with learning and catching up with the Joneses ⋮ Weighted discounting -- on group diversity, time-inconsistency, and consequences for investment ⋮ Behavioral biases and the representative agent ⋮ Market selection with an endogenous state ⋮ The equity risk premium and the riskfree rate in an economy with borrowing constraints ⋮ Heterogeneous beliefs and asset pricing in discrete time: an analysis of pessimism and doubt ⋮ Whom should we believe? aggregation of heterogeneous beliefs ⋮ Disagreement, correlation and asset prices ⋮ Nonmyopic optimal portfolios in viable markets ⋮ Discounting and divergence of opinion ⋮ GENERAL PROPERTIES OF ISOELASTIC UTILITY ECONOMIES ⋮ Adaptive expectations and cobweb phenomena: does heterogeneity matter? ⋮ Long-run heterogeneity in an exchange economy with fixed-mix traders ⋮ Momentum and reversal in financial markets with persistent heterogeneity ⋮ Price probabilities: a class of Bayesian and non-Bayesian prediction rules ⋮ Equilibrium CEO contract with belief heterogeneity ⋮ Diverse beliefs
This page was built for publication: Consensus Consumer and Intertemporal Asset Pricing with Heterogeneous Beliefs
