May 1, 1978

Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations

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Abstract

I. Introduction, 323.—II. Formulation, 325.—III. An example, 326.—IV. Consistent price schemes, 328.—V. Back to the example, 332.—VI. Relaxing the assumptions, 333.—VII. Concluding remarks, 334.

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Harrison et al. (Mon,) studied this question.

synapsesocial.com/papers/69ff7586b124fe5819857129 https://doi.org/https://doi.org/10.2307/1884166