- We will send in 10–14 business days.
/images/books/13364739/9783790812473.jpg)
- Author: Frank Riedel
- Publisher: Physica Verlag
- Year: 1999
- Pages: 118
- ISBN-10: 3790812471
- ISBN-13: 9783790812473
- Format: 15.6 x 23.4 x 0.7 cm, softcover
- Language: English
- SAVE -10% with code: EXTRA
Imperfect Information and Investor Heterogeneity in the Bond Market (e-book) (used book) | bookbook.eu
Reviews
Description
Real world investors differ in their tastes and attitudes and they do not have, in general, perfect information about the future prospects of the economy. Most theoretical models, however, assume to the contrary that investors are homogeneous and perfectly informed about the market. In this book, an attempt is made to overcome these shortcomings. In three different case studies, the effect of heterogeneous time preferences, heterogeneous beliefs and imperfect information about the economy's growth on the term structure of interest rates are studied. The initial chapter gives an introduction to the theory of financial markets in continuous time under imperfect information and establishes the existence of an equilibrium with complete markets.
EXTRA 10 % discount with code: EXTRA
The promotion ends in 20d.21:20:55
The discount code is valid when purchasing from 10 €. Discounts do not stack.
- Author: Frank Riedel
- Publisher: Physica Verlag
- Year: 1999
- Pages: 118
- ISBN-10: 3790812471
- ISBN-13: 9783790812473
- Format: 15.6 x 23.4 x 0.7 cm, softcover
- Language: English English
Real world investors differ in their tastes and attitudes and they do not have, in general, perfect information about the future prospects of the economy. Most theoretical models, however, assume to the contrary that investors are homogeneous and perfectly informed about the market. In this book, an attempt is made to overcome these shortcomings. In three different case studies, the effect of heterogeneous time preferences, heterogeneous beliefs and imperfect information about the economy's growth on the term structure of interest rates are studied. The initial chapter gives an introduction to the theory of financial markets in continuous time under imperfect information and establishes the existence of an equilibrium with complete markets.
Reviews