Connected Account of Research

نویسنده

  • Markus K. Brunnermeier
چکیده

My research on bubbles started with my book “Asymmetric Information: Bubbles, Crashes, Technical Analysis and Herding” (Oxford University Press, 2001). The book surveys and critiques the literature on bubbles and herding in settings in which different investors hold different information. One conclusion of the book is that it is difficult to obtain bubbles in models in which all market participants are fully rational.

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تاریخ انتشار 2005