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Asset pricing with cognitive dissonance
Drees, Burkhard; Eckwert, Bernhard - 1993
The behavior of asset prices is analyzed in a general equilibrium model where agents not only have preferences over consumption but also (implicitly) over their beliefs. Agents endogenously choose to disregard information contained in a signal if it conflicts with their desired beliefs. In this...
Persistent link: https://www.econbiz.de/10010398095
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Leverage and the price volatility of equity shares in equilibrium
Drees, Burkhard; Eckwert, Bernhard - In: The quarterly review of economics and finance : journal … 40 (2000) 2, pp. 155-167
Persistent link: https://www.econbiz.de/10001509383
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Is the price of a riskier asset more volatile?
Drees, Burkhard; Eckwert, Bernhard - 1990
Persistent link: https://www.econbiz.de/10000801997
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An simple resolution of the excess volatility puzzle
Drees, Burkhard; Eckwert, Bernhard - 1990
Persistent link: https://www.econbiz.de/10000802015
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The price volatility of bubbly and non-bubbly assets when agents have non-time-separable-preferences
Drees, Burkhard; Eckwert, Bernhard - 1990
Persistent link: https://www.econbiz.de/10000802016
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The composition of stock price indices and the excess volatility puzzle
Drees, Burkhard - In: International review of economics & finance : IREF 4 (1995) 1, pp. 29-36
Persistent link: https://www.econbiz.de/10001178052
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The risk and price volatility of stock options in general equilibrium
Drees, Burkhard - In: The Scandinavian journal of economics 97 (1995) 3, pp. 459-467
Persistent link: https://www.econbiz.de/10001187657
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Asset pricing with cognitive dissonance
Drees, Burkhard; Eckwert, Bernhard - 1993
The behavior of asset prices is analyzed in a general equilibrium model where agents not only have preferences over consumption but also (implicitly) over their beliefs. Agents endogenously choose to disregard information contained in a signal if it conflicts with their desired beliefs. In this...
Persistent link: https://www.econbiz.de/10009755238
Cover Image
Asset pricing with cognitive dissonance
Drees, Burkhard - 1993
Persistent link: https://www.econbiz.de/10013388094
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Equilibrium term structure relations of risky assets in incomplete markets
Eckwert, Bernhard - In: The quarterly review of economics and finance : journal … 36 (1996) 3, pp. 327-346
Persistent link: https://www.econbiz.de/10001209974