Incomplete Information and Heterogeneous Beliefs in Continuous-time Finance

相似文件 换一批

是 否 +2 论坛币

k人 参与回答

经管之家送您一份

应届毕业生专属福利!

求职就业群

赵安豆老师微信：zhaoandou666

经管之家联合CDA

送您一个全额奖学金名额~ !

立即领取

感谢您参与论坛问题回答

经管之家送您两个论坛币！

+2 论坛币

After a brief review of the existing incomplete information literature, the effect of incomplete information on investors' exptected utility, risky asset prices, and interest rates is described. It is demonstrated that increasing the quality of investors' information need not increase their expected utility and the prices of risky assets. The impact of other factors is discussed in detail.  It is also demonstrated that financial markets in general do not aggregate information efficiently, a fact that can explain the equity premium puzzle.


Editorial ReviewsReview

From the reviews of the first edition:

"The book is mainly addressed to researchers and graduate students in the fields of economics or finance. However, interested practitioners may also be counted to its target audience. … the book presents an interesting source for those readers interested in the interplay of (micro-) economics and finance, ie. of incomplete information, heterogeneous beliefs and continuous-time financial models." (Klaus Schürger, Zentralblatt MATH, Vol. 1074, 2005)


Product Details

• Series: Springer Finance
  
• Hardcover: 198 pages
• Publisher: Springer (April 28, 2003)
• Language: English
• ISBN-10: 3540003444
• ISBN-13: 978-3540003441
• Product Dimensions: 6.1 x 0.6 x 9.2 inches
  

扫码加我 拉你入群

请注明：姓名-公司-职位

以便审核进群资格，未注明则拒绝

分享0 收藏2 回帖

关键词：information incomplete Informatio Continuous formation literature existing expected increase interest

thanks for your sharing

thanks for your sharing

thabks for you share,greate

https://bbs.pinggu.org/thread-2600772-1-1.html 拿别人免费的来收钱，不太厚道吧

点赞感谢分享