Results 231 to 240 of about 59,724 (265)

Trading Volume, Heterogeneous Expectations and Earnings Announcements

SSRN Electronic Journal, 2009
Using the experimental method, this paper provides evidence that the dispersion of beliefs is the main driver behind trading volume. However, in contrast with existing literature, we show that the relationship between trading volume and heterogeneity of expectations is more concave than linear.
Dinh, Thanh Huong, Gajewski, Jean-François   +1 more
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Option Pricing with Heterogeneous Expectations

Financial Review, 1998
AbstractThis paper re‐derives the finite mixture option pricing model of Ritchey (1990), based on the assumption that the option investors hold heterogeneous expectations about the parameters of the lognormal process of the underlying asset price. By proving that the model admits no riskless arbitrage, this paper justifies that the entire family of ...
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Expected pressure-volume heterogeneity within the lung

Computers and Biomedical Research, 1989
Using a model of the lung providing for pressure-volume (P-V) heterogeneity, we reproduced straight (allowing for some concavity or convexity) alveolar plateaus in the nitrogen washout curve with a slope identical to an experimentally measured one (1.2% N2/liter).
F, Wiener, R, Arieli
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Expectation heterogeneity and price sensitivity

European Economic Review, 1998
Abstract In many industrialized economies, there is sharp contrast between rigid prices in product markets and volatile prices in commodity and asset markets. This paper presents an explanation of this phenomenon in the framework of imperfect competition and heterogeneous expectations.
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Heterogeneity in consumers’ income and pension expectations

Journal of Pension Economics and Finance, 2015
AbstractThe expectations of economic agents play a crucial role in almost any inter-temporal economic model. Using 2009–12 panel data for a representative sample of the Dutch population, we analyze consumers’ income and pension expectations. We focus on heterogeneity across socioeconomic groups and associations with how consumers perceive the economic ...
Bissonnette, L., van Soest, Arthur
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Heterogeneous expectations, adaptive learning, and evolutionary dynamics [PDF]

Journal of Economic Behavior & Organization, 2010
This paper presents a linear self-referential macroeconomic model with the possibility of multiple equilibria where agents have the choice of using one of two forecasting models (one of minimum state variable form and the other of sunspot form) to form expectations of current and future prices.
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RECURSIVE INATTENTIVENESS WITH HETEROGENEOUS EXPECTATIONS

Macroeconomic Dynamics, 2015
We model agents' endogenous updating of information sets over time under changing macroeconomic conditions. Building on sticky information models, the degree of inattentiveness is endogenized by allowing agents to choose between a costly full-information predictor and a costless sticky-information predictor. This is modeled as a choice between discrete
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Macroeconomic Stability and Heterogeneous Expectations [PDF]

, 2013
The late 2000s financial crisis resulted in the collapse of large financial institutions, in the bailout of banks by national governments and downturns in stock markets around the world. Such a large set of outcomes put classical economic thinking under huge pressure.
Nicolò Pecora, Alessandro Spelta
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Heterogeneous Expectations, Volatility and Welfare [PDF]

, 2000
This paper explores the extent to which the lack of rationality of economic agents has affected the economic fluctuations of the U.S. hog market. The dynamic model of this paper adopts the framework of conventional rational expectations models and nests heterogeneity in expectations in the framework.
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Bulls and Bears: Heterogeneous Expectations

2000
“It is differences in opinion that makes horse races”, Mark Twain says. Following this saying, I study differences in ex­pectations among agents in this chapter. Agents conform that the state of the world is described by a diffusion model as in Chapter 1. They differ, however, in their prior beliefs about some unknown parameters of the model.
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