Dynamics of beliefs and learning under aL-processes - the heterogeneous case

Article Abstract:

A class of models in which the agent's expectations influence the actual dynamics while the expectations themselves are the outcome of some recursive processes is presented. The dynamics of the resulting expectations and recursive schemes are examined assuming a heterogeneous expectations and that the agents update their expectations by recursive L- and general aL-processes.

United States, Learning models (Stochastic processes), Stochastic models, Economic theory

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A strategy experiment in dynamic asset pricing

Article Abstract:

A study experimenting on simple dynamic asset pricing is presented wherein the current asset price integrates the individual's expectation of the following period's price.

Beliefs, opinions and attitudes, Investors, Capital assets pricing model, Capital asset pricing model, Market value

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A dynamic analysis of moving average rules

Article Abstract:

A study on price dynamics of moving averages rules used by financial market practitioners is presented.

Economics, Research and Development in the Social Sciences and Humanities, Elasticity (Economics)

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