LOCK-IN OF EXTRAPOLATIVE EXPECTATIONS IN AN ASSET PRICING MODEL

DOI10.1017/S1365100506050231zbMATH Open1132.91014MaRDI QIDQ5483960FDOQ5483960

Authors: Kevin J. Lansing 

Publication date: 24 August 2006

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

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zbMATH Keywords

asset pricingexpectationsbubblesdistorted beliefs

Mathematics Subject Classification ID

Cites Work

• Bubbles and Crashes
• Asset Prices in an Exchange Economy
• A Rational Route to Randomness
• Robust Permanent Income and Pricing
• The Present-Value Relation: Tests Based on Implied Variance Bounds
• Macroeconomic Expectations of Households and Professional Forecasters
• Heterogeneous beliefs and routes to chaos in a simple asset pricing model
• Endogenous fluctuations in a simple asset pricing model with heterogeneous agents
• An exploration of the effects of pessimism and doubt on asset returns.
• Time series properties of an artificial stock market

Cited In (6)

• Asset pricing with expectation shocks
• Real business cycles, animal spirits, and stock market valuation
• Extrapolative asset pricing
• A model of near-rational exuberance
• House price dynamics: fundamentals and expectations
• Model complexity, expectations, and asset prices

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