Follies subdued: Informational efficiency under adaptive expectations and confirmatory bias
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References listed on IDEAS
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- Yuri Biondi & Simone Righi, 2016.
"What does the financial market pricing do? A simulation analysis with a view to systemic volatility, exuberance and vagary,"
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- Biondi, Yuri & Giannoccolo, Pierpaolo & Galam, Serge, 2012. "Formation of share market prices under heterogeneous beliefs and common knowledge," Physica A: Statistical Mechanics and its Applications, Elsevier, vol. 391(22), pages 5532-5545.
More about this item
KeywordsInformational efficiency; Confirmatory bias; Agent-based models; Asset pricing;
- G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
- D84 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Expectations; Speculations
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