Expectations and Learning from Prices.
We study mislearning from equilibrium prices, and contrast this with mislearning from exogenous fundamentals. We micro-found mislearning from prices with a psychologically founded theory of "Partial Equilibrium Thinking" (PET), where traders learn fundamental information from prices, but fail to rea...
| Publicado en: | Review of Economic Studies Vol. 92; no. 3; pp. 1341 - 1375 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Oxford University Press / USA
May2025
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |