Add to ORKGThis paper analyzes the sensitivity of market crashes to investors' psychology in a standard general equilibrium framework. Contrary to the traditional view that market crashes are driven by large drops in aggregate endowments. We argue from a theoretical standpoint that individual anticipations of such drops are necessary condition for crashes to occur and that the magnitude of such crashes are positively correlated with the level of individual anticipations of drops
There is an old saying on Wall Street that the market is driven by just two emo-tions: fear and gree...
Episodes of market crashes have fascinated economists for centuries. Although many academics, practi...
This paper examines the equilibrium when negative stock market jumps (crashes) can occur, and invest...
This paper analyzes the sensitivity of market crashes to investors'psychology in a standard general ...
This paper analyzes the sensitivity of market crashes to investors' psychology in a standard general...
This paper analyzes the sensitivity of market crashes to investors' psychology in a standard general...
Stock Market crashes are known to spread havoc and panics in the financial world and often wipes awa...
I develop a dynamic equilibrium model that incorporates incorrect beliefs about crash risk and use i...
The purpose of this paper is to explore the role for psychology within a structural theory of financ...
The purpose of this paper is to explore the role for psychology within a structural theory of financ...
A theory is developed that explains how stocks can crash without fundamental news and why crashes ar...
A theory is developed that explains how the stock market can crash in the absence of news about fund...
The recent global financial crisis calls for a need to adopt a more interdisciplinary approach to th...
There is an old saying on Wall Street that the market is driven by just two emo-tions: fear and gree...
Episodes of market crashes have fascinated economists for centuries. Although many academics, practi...
There is an old saying on Wall Street that the market is driven by just two emo-tions: fear and gree...
Episodes of market crashes have fascinated economists for centuries. Although many academics, practi...
This paper examines the equilibrium when negative stock market jumps (crashes) can occur, and invest...
This paper analyzes the sensitivity of market crashes to investors'psychology in a standard general ...
This paper analyzes the sensitivity of market crashes to investors' psychology in a standard general...
This paper analyzes the sensitivity of market crashes to investors' psychology in a standard general...
Stock Market crashes are known to spread havoc and panics in the financial world and often wipes awa...
I develop a dynamic equilibrium model that incorporates incorrect beliefs about crash risk and use i...
The purpose of this paper is to explore the role for psychology within a structural theory of financ...
The purpose of this paper is to explore the role for psychology within a structural theory of financ...
A theory is developed that explains how stocks can crash without fundamental news and why crashes ar...
A theory is developed that explains how the stock market can crash in the absence of news about fund...
The recent global financial crisis calls for a need to adopt a more interdisciplinary approach to th...
There is an old saying on Wall Street that the market is driven by just two emo-tions: fear and gree...
Episodes of market crashes have fascinated economists for centuries. Although many academics, practi...
There is an old saying on Wall Street that the market is driven by just two emo-tions: fear and gree...
Episodes of market crashes have fascinated economists for centuries. Although many academics, practi...
This paper examines the equilibrium when negative stock market jumps (crashes) can occur, and invest...