Imperfect Information and Investor Heterogeneity in the Bond Market

by Frank Riedel

Real world investors differ in their tastes and attitudes and they do not have, in general, perfect information about the future prospects of the economy. Most theoretical models, however, assume to the contrary that investors are homogeneous and perfectly informed about the market. In this book, an attempt is made to overcome these shortcomings. In three different case studies, the effect of heterogeneous time preferences, heterogeneous beliefs and...

• Format: Paperback
• Language: English
• ISBN: 3790812471
• ISBN13: 9783790812473
• Release Date: November 1999
• Publisher: Physica-Verlag
• Length: 118 Pages
• Weight: 0.43 lbs.
• Dimensions: 0.3" x 6.1" x 9.2"