Self-Fulfilling Prophecies, Quasi Non-Ergodicity & Wealth Inequality
收藏NBER2020-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w28261
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资源简介：
We construct a model of an exchange economy in which agents trade assets contingent on an observable signal, the probability of which depends on public opinion. The agents in our model are replaced occasionally and each person updates beliefs in response to observed outcomes. We show that the
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美国国家经济研究局创建时间：
2020-12-01
