Narrative
发表于 2025-3-30 10:26:51
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characteristic
发表于 2025-3-30 13:57:51
Behandlungsmethoden und -prinzipien,ear forecasts do not coincide with the true conditional expectation, but an SCEE is an ‘approximate rational expectations equilibrium’ in the sense that forecasting errors are unbiased and uncorrelated. Adaptive learning of SCEE is studied in an overlapping generations framework.
Overdose
发表于 2025-3-30 20:14:47
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outskirts
发表于 2025-3-30 21:36:36
One-Dimensional Discontinuous Piecewise-Linear Maps and the Dynamics of Financial Markets bubbles, crashes and excess volatility. We also develop and calibrate a stochastic version of the model that matches the dynamics of actual financial markets quite well. In fact, simulated returns are virtually unpredictable and display features like volatility clustering and long memory effects.