Noise traders in financial markets:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Abschlussarbeit Buch |
| Sprache: | English |
| Veröffentlicht: |
2013
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| Schlagworte: | |
| Online-Zugang: | kostenfrei https://nbn-resolving.org/urn:nbn:de:bvb:355-epub-286675 Inhaltsverzeichnis |
| Beschreibung: | III, 134 S. graph. Darst. |
Internformat
MARC
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Datensatz im Suchindex
| _version_ | 1804150685232529408 |
|---|---|
| adam_text | IMAGE 1
CONTENTS
1 INTRODUCTION 1
2 NOISE TRADERS AND INFORMATION 5
2.1 MODEL SETUP 6
2.1.1 ASSET SUPPLY 6
2.1.2 ASSET DEMAND 9
2.1.3 PRICE 10
2.1.4 EXPECTATION FORMATION . . . 10
2.1.5 MARKET CLEARING 14
2.2 THE TRANSFER OF WEALTH FROM NOISE TRADERS TO RATIONAL INVESTORS 16
2.3 EXPECTED UTILITY 19
2.4 OTHER DISTRIBUTIONS OF THE 2Z ASSETS 24
2.5 SUMMARY 28
2.A CALCULATIONS 30
2.B ALTERNATIVE DECOMPOSITIONS OF THE FINAL WEALTH 32
2.C MATHEMATICA SOURCE CODE 37
3 POSITIVE FEEDBACK TRADERS 47
3.1 MODEL 48
3.2 INVESTMENT BEHAVIOR 51
3.3 CASE WITH ONE SIGNAL 57
3.3.1 DESTABILIZING RATIONAL SPECULATION (THE DSSW MODEL) 57
3.3.2 STABILIZING RATIONAL SPECULATION 59
I
HTTP://D-NB.INFO/1043136584
IMAGE 2
CONTENTS
3.3.3 NEUTRAL RATIONAL SPECULATION 62
3.3.4 THE GENERAL CASE 63
3.3.5 THE EFFECT OF MEASURE IN THE PRESENCE OF RATIONAL SPECULATORS . .
71
3.3.6 THE EFFECT OF MEASURE IN THE ABSENCE OF RATIONAL SPECULATORS ...
75
3.3.7 FUNDAMENTAL VALUE AND BUBBLES 76
3.4 CASE WITH TWO SIGNALS 82
3.4.1 THE GENERAL CASE 82
3.4.2 SETUP 1 . 87
3.4.3 SETUP 2 92
3.4.4 SETUP 3 100
3.4.5 THE POSSIBILITY OF NON-EXISTENCE OF AN EQUILIBRIUM 103
3.4.6 PRICE BEHAVIOR IN THE ABSENCE OF RATIONAL SPECULATORS 104
3.4.7 UNIQUENESS 109
3.4.8 BUBBLES 126
3.5 RESULTS 130
REFERENCES 132
|
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| discipline | Wirtschaftswissenschaften |
| format | Thesis Book |
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| spelling | Brunner, Stephan Verfasser aut Noise traders in financial markets vorgelegt von: Stephan Brunner 2013 III, 134 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Regensburg, Univ., Diss., 2013 Noise trading (DE-588)4380085-3 gnd rswk-swf Kreditmarkt (DE-588)4073788-3 gnd rswk-swf Anlageverhalten (DE-588)4214003-1 gnd rswk-swf (DE-588)4113937-9 Hochschulschrift gnd-content Noise trading (DE-588)4380085-3 s Kreditmarkt (DE-588)4073788-3 s Anlageverhalten (DE-588)4214003-1 s b DE-604 Erscheint auch als Online-Ausgabe urn:nbn:de:bvb:355-epub-286675 http://epub.uni-regensburg.de/28667/ Verlag kostenfrei Volltext https://nbn-resolving.org/urn:nbn:de:bvb:355-epub-286675 Resolving-System DNB Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=026211527&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Brunner, Stephan Noise traders in financial markets Noise trading (DE-588)4380085-3 gnd Kreditmarkt (DE-588)4073788-3 gnd Anlageverhalten (DE-588)4214003-1 gnd |
| subject_GND | (DE-588)4380085-3 (DE-588)4073788-3 (DE-588)4214003-1 (DE-588)4113937-9 |
| title | Noise traders in financial markets |
| title_auth | Noise traders in financial markets |
| title_exact_search | Noise traders in financial markets |
| title_full | Noise traders in financial markets vorgelegt von: Stephan Brunner |
| title_fullStr | Noise traders in financial markets vorgelegt von: Stephan Brunner |
| title_full_unstemmed | Noise traders in financial markets vorgelegt von: Stephan Brunner |
| title_short | Noise traders in financial markets |
| title_sort | noise traders in financial markets |
| topic | Noise trading (DE-588)4380085-3 gnd Kreditmarkt (DE-588)4073788-3 gnd Anlageverhalten (DE-588)4214003-1 gnd |
| topic_facet | Noise trading Kreditmarkt Anlageverhalten Hochschulschrift |
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