Blar i NHH Brage på emneord "behavioral finance"

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    • Behavioral equilibrium and evolutionary dynamics in asset markets 

      Evstigneev, Igor; Hens, Thorsten; Potapova, Valeriya; Schenk-Hoppé, Klaus R. (Peer reviewed; Journal article, 2020)
      This paper analyzes a dynamic stochastic equilibrium model of an asset market based on behavioral and evolutionary principles. The core of the model is a non-traditional game-theoretic framework combining elements of ...

    • Rational investor sentiment 

      Gerber, Anke; Hens, Thorsten; Vogt, Bodo (Discussion paper, Working paper, 2002-11)
      We explain excess volatility, short-term momentum and long-term reversal of asset prices by a repeated game version of Keynes' beauty contest. In every period the players can either place a buy or sell order on the asset ...