LOCK-IN OF EXTRAPOLATIVE EXPECTATIONS IN AN ASSET PRICING MODEL

DOI10.1017/S1365100506050231zbMath1132.91014MaRDI QIDQ5483960

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

Related Items (2)

House price dynamics: fundamentals and expectations ⋮ Real business cycles, animal spirits, and stock market valuation

Cites Work

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

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