On Overconfidence, Bubbles and the Stochastic Discount Factor


This study is intended to provide a continuous-time equilibrium model in which overconfidence generates disagreements among two groups regarding asset fundamentals. Every agent in trading wants to sell more than the average... [ view full abstract ]


  1. Hyejin Cho (University of Paris 1 - Pantheon Sorbonne)

Topic Areas

Equilibrium Models , Optimal Stopping


TH-P-UI » Equilibria: Bubbles and Transaction Costs (14:30 - Thursday, 19th July, Ui Chadhain)

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