Price distortions under coarse reasoning with frequent trade

DOI10.1016/J.JET.2015.07.011MaRDI QIDQ900446zbMATH OpenOpenAlexFDO

Authors Jakub Steiner, Colin Stewart

Publication date 22 December 2015

Published in Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL https://www.pure.ed.ac.uk/ws/files/20054876/hf.pdf

zbMATH Keywords

bounded rationalitycategorizationprices

Mathematics Subject Classification ID

Recommendations

• Naive traders and mispricing in prediction markets
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Cites work

• An approach to asset pricing under incomplete and diverse perceptions
• Analogy-based expectation equilibrium
• Case-Based Decision Theory
• Coarse decision making and overfitting
• Iterated expectations and common priors
• Markov set-chains
• Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations

Cited in

(4)

• Buy low, sell high: price gaps and neoclassical theory
• Price-mediated trade with quantity signals: An axiomatic approach.
• scientific article; zbMATH DE number 3978759 (Why is no real title available?)
• Naive analytics: the strategic advantage of algorithmic heuristics

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