메뉴 건너뛰기




Volumn 17, Issue 2, 2013, Pages 727-766

Evolutionary beliefs and financial markets

Author keywords

[No Author keywords available]

Indexed keywords


EID: 84874241538     PISSN: 15723097     EISSN: 1573692X     Source Type: Journal    
DOI: 10.1093/rof/rfs004     Document Type: Article
Times cited : (10)

References (42)
  • 2
    • 0036198935 scopus 로고    scopus 로고
    • An exploration of the effects of pessimism and doubt on asset returns
    • Abel, A. (2002) An exploration of the effects of pessimism and doubt on asset returns, Journal of Economic Dynamics and Control 26, 1075-1092
    • (2002) Journal of Economic Dynamics and Control , vol.26 , pp. 1075-1092
    • Abel, A.1
  • 3
    • 78049260738 scopus 로고
    • The economic consequences of cognitive dissonance
    • Akerlof, G. and Dickens, W. T. (1982) The economic consequences of cognitive dissonance, American Economic Review 72, 307-319
    • (1982) American Economic Review , vol.72 , pp. 307-319
    • Akerlof, G.1    Dickens, W.T.2
  • 4
    • 0000438997 scopus 로고
    • Uncertainty, evolution and economic theory
    • Alchian, R. (1950) Uncertainty, evolution and economic theory, Journal of Political Economy 58, 211-221
    • (1950) Journal of Political Economy , vol.58 , pp. 211-221
    • Alchian, R.1
  • 5
    • 33845338806 scopus 로고    scopus 로고
    • Is there a ''pessimistic'' bias in individual beliefs? Evidence from a simple survey
    • Ben Mansour, S., Jouini, E., and Napp, C. (2006) Is there a ''pessimistic'' bias in individual beliefs? Evidence from a simple survey, Theory and Decision 61, 345-362
    • (2006) Theory and Decision , vol.61 , pp. 345-362
    • Ben Mansour, S.1    Jouini, E.2    Napp, C.3
  • 7
    • 34547249819 scopus 로고    scopus 로고
    • Optimal beliefs asset prices, and the preference for skewed returns
    • Brunnermeier, M. K., Gollier, C., and Parker, J. (2007) Optimal beliefs, asset prices, and the preference for skewed returns, American Economic Review 97, 159-165
    • (2007) American Economic Review , vol.97 , pp. 159-165
    • Brunnermeier, M.K.1    Gollier, C.2    Parker, J.3
  • 10
    • 33644613783 scopus 로고    scopus 로고
    • Stability of the replicator equation for a single species with a multi-dimensional continuous trait space
    • Cressman, R., Hofbauer, J., and Riedel, F. (2006) Stability of the replicator equation for a single species with a multi-dimensional continuous trait space, Journal of Theoretical Biology 239, 237-288
    • (2006) Journal of Theoretical Biology , vol.239 , pp. 237-288
    • Cressman, R.1    Hofbauer, J.2    Riedel, F.3
  • 11
    • 77954912863 scopus 로고    scopus 로고
    • Extending the theory to meet the practice of insurance
    • Robert E. Litan and Richard Herring, (eds., Washington DC: Brookings Institution Press
    • Cutler, D. M. and Zeckhauser, R. (2004) Extending the theory to meet the practice of insurance, in: Robert E. Litan and Richard Herring, (eds.), Brookings-Wharton Papers on Financial Services, Washington, DC: Brookings Institution Press p. 1-53
    • (2004) Brookings-Wharton Papers on Financial Services , pp. 1-53
    • Cutler, D.M.1    Zeckhauser, R.2
  • 12
    • 0001660676 scopus 로고
    • Intertemporal asset pricing with heterogeneous beliefs
    • Detemple, J. and Murthy, S. (1994) Intertemporal asset pricing with heterogeneous beliefs, Journal of Economic Theory 62, 294-320
    • (1994) Journal of Economic Theory , vol.62 , pp. 294-320
    • Detemple, J.1    Murthy, S.2
  • 14
  • 17
    • 33646255911 scopus 로고    scopus 로고
    • Is there evidence of pessimism and doubt in subjective distributions? for the risk premium puzzle
    • Giordani, P. and Söderlind, P. (2006) Is there evidence of pessimism and doubt in subjective distributions? Implications for the risk premium puzzle, Journal of Economic Dynamics and Control 30, 1027-1043
    • (2006) Journal of Economic Dynamics and Control , vol.30 , pp. 1027-1043
    • Giordani, P.1    Söderlind, P.2
  • 20
    • 34848815608 scopus 로고    scopus 로고
    • Whom should we believe? Aggregation and heterogeneous beliefs
    • Gollier, C. (2007) Whom should we believe? Aggregation and heterogeneous beliefs, Journal of Risk and Uncertainty 35, 107-127
    • (2007) Journal of Risk and Uncertainty , vol.35 , pp. 107-127
    • Gollier, C.1
  • 21
    • 77955650388 scopus 로고    scopus 로고
    • Optimal choice and beliefs with ex ante savoring and ex post disappointment
    • Gollier, C. and Muermann, A. (2010) Optimal choice and beliefs with ex ante savoring and ex post disappointment, Management Science 56, 1272-1284
    • (2010) Management Science , vol.56 , pp. 1272-1284
    • Gollier, C.1    Muermann, A.2
  • 23
    • 34249708976 scopus 로고    scopus 로고
    • The dynamic evolution of preferences
    • Heifetz, A., Shannon, C., and Spiegel, Y. (2007b) The dynamic evolution of preferences, Economic Theory 32, 251-286
    • (2007) Economic Theory , vol.32 , pp. 251-286
    • Heifetz, A.1    Shannon, C.2    Spiegel, Y.3
  • 28
    • 33744906299 scopus 로고    scopus 로고
    • Heterogeneous beliefs and asset pricing in discrete time: An analysis of pessimism and doubt
    • Jouini, E. and Napp, C. (2006) Heterogeneous beliefs and asset pricing in discrete time: An analysis of pessimism and doubt, Journal of Economic Dynamics and Control 30, 1233-1260
    • (2006) Journal of Economic Dynamics and Control , vol.30 , pp. 1233-1260
    • Jouini, E.1    Napp, C.2
  • 29
    • 34548527409 scopus 로고    scopus 로고
    • Consensus consumer and intertemporal asset pricing under heterogeneous beliefs
    • Jouini, E. and Napp, C. (2007) Consensus consumer and intertemporal asset pricing under heterogeneous beliefs, Review of Economic Studies 74, 1149-1174
    • (2007) Review of Economic Studies , vol.74 , pp. 1149-1174
    • Jouini, E.1    Napp, C.2
  • 30
    • 84959850547 scopus 로고
    • Informed speculation with imperfect competition
    • Kyle, A. (1989) Informed speculation with imperfect competition, The Review of Economic Studies 56, 317-355
    • (1989) Review of Economic Studies , vol.56 , pp. 317-355
    • Kyle, A.1
  • 31
    • 0000169095 scopus 로고
    • Demand for risky financial assets: A portfolio analysis
    • Landsberger, M. and Meilijson, I. (1990) Demand for risky financial assets: A portfolio analysis, Journal of Economic Theory 50, 204-213
    • (1990) Journal of Economic Theory , vol.50 , pp. 204-213
    • Landsberger, M.1    Meilijson, I.2
  • 32
    • 0003114587 scopus 로고
    • The valuation of risky assets and the selection of risky investments in stock portfolios and capital budgets
    • Lintner, J. (1965) The valuation of risky assets and the selection of risky investments in stock portfolios and capital budgets, Review of Economics and Statistics 47, 13-37
    • (1965) Review of Economics and Statistics , vol.47 , pp. 13-37
    • Lintner, J.1
  • 33
  • 35
    • 0000175219 scopus 로고
    • Rationalizability learning, and equilibrium in games with strategic complementarities
    • Milgrom, P. and Roberts, J. (1990) Rationalizability, learning, and equilibrium in games with strategic complementarities, Econometrica 58, 1255-1277
    • (1990) Econometrica , vol.58 , pp. 1255-1277
    • Milgrom, P.1    Roberts, J.2
  • 36
    • 0035529082 scopus 로고    scopus 로고
    • Evolutionary dynamics on infinite strategy spaces
    • Oechssler, J. and Riedel, F. (2001) Evolutionary dynamics on infinite strategy spaces, Economic Theory 17, 141-162
    • (2001) Economic Theory , vol.17 , pp. 141-162
    • Oechssler, J.1    Riedel, F.2
  • 37
    • 0000994570 scopus 로고    scopus 로고
    • Do markets favor agents able to make accurate prediction
    • Sandroni, A. (2000) Do markets favor agents able to make accurate prediction, Econometrica 68, 1303-1341
    • (2000) Econometrica , vol.68 , pp. 1303-1341
    • Sandroni, A.1
  • 38
    • 33646673112 scopus 로고    scopus 로고
    • Elsevieri Academic Press, Advanced Finance Series, Burlington, MA
    • Shefrin, H. (2005) A Behavioural Approach to Asset Pricing, Elsevier Academic Press, Advanced Finance Series, Burlington, MA.
    • (2005) A Behavioural Approach to Asset Pricing
    • Shefrin, H.1
  • 39
  • 40
    • 0008746643 scopus 로고    scopus 로고
    • Testing and characterizing properties of nonadditive measures through violations of the sure-Thing principle
    • Wakker, P. (2001) Testing and characterizing properties of nonadditive measures through violations of the sure-Thing principle, Econometrica 69, 1039-1059
    • (2001) Econometrica , vol.69 , pp. 1039-1059
    • Wakker, P.1
  • 41
    • 0000957317 scopus 로고
    • Capital asset prices with heterogeneous beliefs
    • Williams, J. T. (1977) Capital asset prices with heterogeneous beliefs, Journal of Financial Economics 5, 219-239
    • (1977) Journal of Financial Economics , vol.5 , pp. 219-239
    • Williams, J.T.1
  • 42
    • 77954880111 scopus 로고    scopus 로고
    • Is noise trading cancelled out by aggregation?
    • Yan, H. (2010) Is noise trading cancelled out by aggregation?, Management Science 56, 1047-1059
    • (2010) Management Science , vol.56 , pp. 1047-1059
    • Yan, H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.