Extrapolation and Bubbles
收藏NBER2016-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w21944
下载链接
链接失效反馈官方服务：
资源简介：
We present an extrapolative model of bubbles. In the model, many investors form their demand for a risky asset by weighing two signalsan average of the assets past price changes and the assets degree of overvaluation. The two signals are in conflict, and investors waver over time in the relative
提供机构：
美国国家经济研究局
创建时间：
2016-02-01
