Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations

19781,610 citationsJournal Article

Authors

J. Michael Harrison · Stanford University

Abstract

I. Introduction, 323.—II. Formulation, 325.—III. An example, 326.—IV. Consistent price schemes, 328.—V. Back to the example, 332.—VI. Relaxing the assumptions, 333.—VII. Concluding remarks, 334.

Topics & Keywords

Economic theories and models Economic Theory and Policy Stochastic processes and financial applications

UN Sustainable Development Goals

Partnerships for the goals

Publication Details

Published in: The Quarterly Journal of Economics

Volume 92, Issue 2, pp. 323-323

DOI: 10.2307/1884166

Field-Weighted Citation Impact: 8.10