Download This PaperBubbles, Crises, and Heterogeneous Beliefs
52 Pages Posted: 22 Mar 2013 Last revised: 27 Feb 2022
Date Written: March 2013
Abstract
This paper reviews the quickly growing literature that builds on heterogeneous beliefs, a widely observed attribute of individuals, to explain bubbles, crises, and endogenous risk in financial markets.
Suggested Citation: Suggested Citation
Xiong, Wei, Bubbles, Crises, and Heterogeneous Beliefs (March 2013). NBER Working Paper No. w18905, Available at SSRN: https://ssrn.com/abstract=2237818
Do you have negative results from your research you’d like to share?
Feedback
Feedback to SSRN
If you need immediate assistance, call 877-SSRNHelp (877 777 6435) in the United States, or +1 212 448 2500 outside of the United States, 8:30AM to 6:00PM U.S. Eastern, Monday - Friday.