On the Optimality of Deductibles with Heterogeneous Beliefs

2016 ◽  
Author(s):  
Yichun Chi
Keyword(s):  
Heterogeneous Beliefs

Asset Pricing in a Monetary Economy with Heterogeneous Beliefs

2007 ◽  
Author(s):  
Benjamin Croitoru ◽  
Lei Lu
Keyword(s):  
Asset Pricing ◽  
Heterogeneous Beliefs ◽  
Monetary Economy

Forward Guidance and the Role of Central Bank Credibility under Heterogeneous Beliefs

2018 ◽  
Author(s):  
Gavin Goy ◽  
Cars H. Hommes ◽  
Kostas Mavromatis
Keyword(s):  
Central Bank ◽  
Heterogeneous Beliefs ◽  
Forward Guidance ◽  
Central Bank Credibility

Heterogeneous Beliefs and Momentum Profits

2007 ◽  
Author(s):  
Michela Verardo
Keyword(s):  
Heterogeneous Beliefs ◽  
Momentum Profits

scholarly journals Heterogeneous Beliefs and the Demand for D&O Insurance by Listed Companies

2015 ◽  
Vol 82 (4) ◽  
pp. 823-852 ◽  
Author(s):  
Peter Egger ◽  
Doina Radulescu ◽  
Ray Rees
Keyword(s):  
Listed Companies ◽  
Heterogeneous Beliefs

scholarly journals Adverse Selection, Heterogeneous Beliefs, and Evolutionary Learning

2021 ◽  
Author(s):  
Clemens Buchen ◽  
Alberto Palermo
Keyword(s):  
Adverse Selection ◽  
Relative Size ◽  
Nonlinear Dynamic System ◽  
Heterogeneous Beliefs ◽  
Evolutionary Learning ◽  
Common Assumption ◽  
Cobweb Model ◽  
The Common ◽  
Learning Set ◽  
Set Up

AbstractWe relax the common assumption of homogeneous beliefs in principal-agent relationships with adverse selection. Principals are competitors in the product market and write contracts also on the base of an expected aggregate. The model is a version of a cobweb model. In an evolutionary learning set-up, which is imitative, principals can have different beliefs about the distribution of agents’ types in the population. The resulting nonlinear dynamic system is studied. Convergence to a uniform belief depends on the relative size of the bias in beliefs.

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