【10/4更新】2022年4月1日からのCiNii ArticlesのCiNii Researchへの統合について

Finite Bubbles in a Non-Bayesian Approach

この論文をさがす

抄録

type:P(論文)

This paper presents two players' equilibrium model in which bubbles of security prices occur in finite time even when both players know that the prices are bubbles. We firstly describe a Bayesian model with asymmetric information mainly based on Conlon (2004, Econometrica) and secondly extends it to non-Bayesian setting in which players cannot identify the true probability but a set of probabilities with ambiguity aversion employing epsilon contamination. We proved that in non-Bayesian approach asymmetry of information is not necessary for the existence of bubbles and that bubble prices rise more steeply than those in Bayesian.

収録刊行物

被引用文献 (0)*注記

もっと見る

参考文献 (0)*注記

もっと見る

関連論文

もっと見る

関連研究データ

もっと見る

関連図書・雑誌

もっと見る

関連博士論文

もっと見る

関連プロジェクト

もっと見る

関連その他成果物

もっと見る

詳細情報

ページトップへ