Results 271 to 280 of about 415,705 (306)

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 ...
exaly   +2 more sources

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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Inflationary expectations with heterogeneous information: ‘generational expectations’

Applied Economics, 1990
This paper proposes a modified theory of expectation formation. The hypothesis of generational expectations (GE), unlike the widely accepted hypothesis of rational expectations, assumes that agents from their inflationary expectations using the most economical information set – their personal experience with inflation.
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Heterogeneous expectations in monetary DSGE models

Journal of Economic Dynamics and Control, 2012
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Heterogenous Expectations and Farmland Prices

American Journal of Agricultural Economics, 1984
AbstractThis paper examines the effect of heterogenous expectations about the future among potential farmland buyers. It is optimal for each seller to have a reservation price in excess of the value he attaches to the future stream of income attributable to owning the land if he thinks that some potential buyers may be more optimistic than he.
Keith C. Brown, Deborah J. Brown
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Heterogeneous overreaction in expectation formation: Evidence and theory

Journal of Economic Theory
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Heng Chen, Xu Li 0020, Guangyu Pei, Qian Xin   +3 more
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Heterogeneity in Expectations and House Price Dynamics

Expectations are central for housing decisions and heterogeneity in expectations is a robust feature of survey data. We study the implications of heterogeneity in house price growth expectations for the level of house prices. We feed the joint empirical distributions of income, wealth and expectations into a calibrated heterogeneous agents housing ...
Ludwig, Alexander, Mankart, Jochen, Quintana, Jorge, Wiederholt, Mirko   +3 more
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Heterogeneous Expectations in the EMS

2005
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Jong, E. de, Verschoor, W.F.C., Zwinkels, R.C.J.   +2 more
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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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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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