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Speculation, Bubbles, and Sunspots under Structural Uncertainty

Wihlborg, Clas - 1987

Persistent link: https://www.econbiz.de/10010334699

Evans, George W.; Honkapohja, Seppo - In: Handbook of macroeconomics : volume 1, part A, (pp. 449-542). 1999

This chapter provides a survey of the recent work on learning in the context of macroeconomics. Learning has several … roles. First, it provides a boundedly rational model of how rational expectations can be achieved. Secondly, learning acts … as a selection device in models with multiple REE (rational expectations equilibria). Third, the learning dynamics …

Persistent link: https://www.econbiz.de/10014024243

The financial origins of non-fundamental risk

Acharya, Sushant; Dogra, Keshav; Singh, Sanjay R. - 2022

We formalize the idea that the financial sector can be a source of non-fundamental risk. Households' desire to hedge against price volatility can generate price volatility in equilibrium, even absent fundamental risk. Fearing that asset prices may fall, risk-averse households demand safe assets...

Persistent link: https://www.econbiz.de/10013272207

The financial origins of non-fundamental risk

Acharya, Sushant; Dogra, Keshav; Singh, Sanjay R. - 2022 - Last updated: January 14, 2022

Persistent link: https://www.econbiz.de/10012798791

Theory of argumentation in financial markets

Estrada, Fernando - Volkswirtschaftliche Fakultät, … - 2010

This paper aims to explore the relevance of the Theory of Argumentation TA in the complex area of financial reporting. Specifically, we investigated the scope of the phenomenon of persuasion in advertising. It examines advertisements in publications notable economic movement in Colombia. The...

Persistent link: https://www.econbiz.de/10008547907

Individual expectations and aggregate behavior in learning to forecast experiments

Hommes, Cars; Lux, Thomas - 2008

all stylized facts observed in aggregate price fluctuations and individual forecasting behaviour in recent learning to …

Persistent link: https://www.econbiz.de/10010263533

Perceiving strategic environments: an experimental study of learning under minimal information

Nicklisch, Andreas - 2006

We present the results of an experiment on learning with minimal information. Particularly, subjects are only provided …

Persistent link: https://www.econbiz.de/10010264795

Optimistic, but not in control: Life-orientation and the theory of mixed control

Urbig, Diemo; Monsen, Erik - 2009

Why are some people more optimistic about their life than others? Literature on locus of control suggests that optimism is associated with the belief that one's life outcomes are controlled by internal factors, such as ability, instead of external factors, such as powerful others or chance....

Persistent link: https://www.econbiz.de/10010266644

Optimal monetary policy when agents are learning

Molnár, Krisztina; Santoro, Sergio - 2010

We derive the optimal monetary policy in a sticky price model when private agents follow adaptive learning. We show … order to facilitate private sector learning and thus ease the future intratemporal inflation-output gap trade-offs. The … policy recommendation is robust: the welfare loss entailed by the optimal policy under learning if the private sector …

Persistent link: https://www.econbiz.de/10010271452

Ex Interim Voting in Public Good Provision

Fischer, Sven; Nicklisch, Andreas - Max-Planck-Institut zur Erforschung von … - 2006

unanimity. Yet, results concerning overall efficiency are mixed. When provision occurs, only unanimity enhances efficiency …

Persistent link: https://www.econbiz.de/10005772776