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Imperfect Information and Investor Heterogeneity in the Bond Market
Frank Riedel
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Description for Imperfect Information and Investor Heterogeneity in the Bond Market
Paperback. Real-world investors are variables who do not have, in general, perfect information about the future of the economy. Most theoretical models, however, assume that investors are homogeneous and perfectly informed about the market. An attempt is made here to overcome these shortcomings. Series: Contributions to Economics. Num Pages: 118 pages, biography. BIC Classification: KFFM; KJQ; PBWH. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly; (UU) Undergraduate. Dimension: 233 x 155 x 7. Weight in Grams: 430.
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 ... Read more
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 ... Read more
Product Details
Format
Paperback
Publication date
1999
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
118
Condition
New
Series
Contributions to Economics
Number of Pages
118
Place of Publication
Heidelberg, Germany
ISBN
9783790812473
SKU
V9783790812473
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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