LOCK-IN OF EXTRAPOLATIVE EXPECTATIONS IN AN ASSET PRICING MODEL

DOI10.1017/S1365100506050231MaRDI QIDQ5483960zbMATH OpenFDO

Authors Kevin J. Lansing

Publication date 24 August 2006

Published in Macroeconomic Dynamics (Search for Journal in Brave)

zbMATH Keywords

asset pricingexpectationsbubblesdistorted beliefs

Mathematics Subject Classification ID

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Cites work

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