Model Complexity, Expectations, and Asset Prices
收藏NBER2021-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28408
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资源简介：
This paper analyzes how limits to the complexity of statistical models used by market participants can shape asset prices. We consider an economy in which agents can only entertain models with at most k factors, where k may be distinct from the true number of factors that drive the economys
提供机构：
美国国家经济研究局
创建时间：
2021-02-01
