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  • Search: subject:"Time-varying and heterogeneous risk aversion"
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Adaptive beliefs system 2 Asset price dynamics 2 Asymmetry in volatility 2 Boundedly rational agents 2 Excess volatility 2 Herding 2 Time-varying and heterogeneous risk aversion 2 Agent-based modeling 1 Agentenbasierte Modellierung 1 Anlageverhalten 1 Begrenzte Rationalität 1 Behavioural finance 1 Bounded rationality 1 Börsenkurs 1 CAPM 1 Herdenverhalten 1 Risikoaversion 1 Risk aversion 1 Share price 1 Theorie 1 Theory 1 Volatility 1 Volatilität 1
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Article in journal 1 Aufsatz in Zeitschrift 1
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English 1 Undetermined 1
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Park, Beum-Jo 1 Park, Beum-jo 1
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Journal of Banking & Finance 1 Journal of banking & finance 1
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ECONIS (ZBW) 1 RePEc 1
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Time-varying, heterogeneous risk aversion and dynamics of asset prices among boundedly rational agents
Park, Beum-Jo - In: Journal of Banking & Finance 43 (2014) C, pp. 150-159
Besides the heterogeneity of agents’ beliefs, we perceive that, contrary to the constant short-term risk attitude of fundamentalists, the risk attitude for chartists varies over time due to psychological factors such as prospect theory’s reflection effect, which refers to the reversing of...
Persistent link: https://www.econbiz.de/10010777136
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Cover Image
Time-varying, heterogeneous risk aversion and dynamics of asset prices among boundedly rational agents
Park, Beum-jo - In: Journal of banking & finance 43 (2014), pp. 150-159
Persistent link: https://www.econbiz.de/10010408997
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