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Hetergeneous Beliefs and Routes to Chaos in a Simple Asset Pricing Model

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  • Brock, W.A.
  • Hommes, C.H.

Abstract

This paper investigates the dynamics in the simple present discounted value asset pricing model with heterogeneous beliefs.

Suggested Citation

  • Brock, W.A. & Hommes, C.H., 1996. "Hetergeneous Beliefs and Routes to Chaos in a Simple Asset Pricing Model," Working papers 9621, Wisconsin Madison - Social Systems.
    • Handle: RePEc:att:wimass:9621
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    More about this item

    Keywords

    ASSET PRICING; RISK;

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates

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