Recent developments in asset pricing with heterogeneous beliefs and adaptive behaviour of financial markets

He, X

Recent developments in asset pricing with heterogeneous beliefs and adaptive behaviour of financial markets

He, X

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Publisher:: Springer
Publication Type:: Chapter
Citation:: Global analysis of dynamic models in economics and finance: Essays in honour of Laura Gardini, 2013, 1, pp. 3 - 34
Issue Date:: 2013-01

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Field	Value	Language
dc.contributor.author	He, X https://orcid.org/0000-0003-1446-9996	en_US
dc.contributor.editor	Bischi, GI	en_US
dc.contributor.editor	Chiarella, C	en_US
dc.contributor.editor	Sushko, I	en_US
dc.date.issued	2013-01	en_US
dc.identifier.citation	Global analysis of dynamic models in economics and finance: Essays in honour of Laura Gardini, 2013, 1, pp. 3 - 34	en_US
dc.identifier.isbn	978-3-642-29502-7	en_US
dc.identifier.uri	http://hdl.handle.net/10453/28602
dc.description.abstract	Heterogeneity and interacting among boundedly rational agents have received increasing attention in the finance and economics literature. Recent developments on the role of heterogeneous beliefs on asset pricing and the adaptive behaviour of financial markets shed light into the complex behaviour of financial markets and provide some explanations of certain market behaviour and anomalies. This paper surveys these developments, to which the author and several coauthors have contributed in several papers, and discusses the extent to which they can address market anomalies, complexity, and stylized facts in financial markets.	en_US
dc.publisher	Springer	en_US
dc.relation.ispartof	Global analysis of dynamic models in economics and finance: Essays in honour of Laura Gardini	en_US
dc.relation.isbasedon	10.1007/978-3-642-29503-4_1	en_US
dc.title	Recent developments in asset pricing with heterogeneous beliefs and adaptive behaviour of financial markets	en_US
dc.type	Chapter
utslib.location	Germany	en_US
utslib.for	1502 Banking, Finance and Investment	en_US
utslib.citation.edition	1	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Finance Discipline
pubs.organisational-group	/University of Technology Sydney/Strength - QFRC - Quantitative Finance Research Centre
utslib.copyright.status	closed_access
pubs.consider-herdc	true	en_US
pubs.edition	1	en_US
pubs.place-of-publication	Germany	en_US

Abstract:

Heterogeneity and interacting among boundedly rational agents have received increasing attention in the finance and economics literature. Recent developments on the role of heterogeneous beliefs on asset pricing and the adaptive behaviour of financial markets shed light into the complex behaviour of financial markets and provide some explanations of certain market behaviour and anomalies. This paper surveys these developments, to which the author and several coauthors have contributed in several papers, and discusses the extent to which they can address market anomalies, complexity, and stylized facts in financial markets.

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http://hdl.handle.net/10453/28602