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Speculative Investor Behavior in a Stock Market With Heterogeneous Expectations

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Speculative Investor Behavior in a Stock Market With Heterogeneous Expectations

Speculative Investor Behavior in a Stock Market With Heterogeneous Expectations……… Consider a common stock that pays dividends at a discrete sequence of future times: t = 1, 2,… Taking all other prices and the random process that determine future dividends as endogenously given, we can ask what will be the price of the stock?

H/T noahpinionblog.blogspot.com

Speculative Investor Behavior by ValueWalk.com

 

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