Asset Pricing under Asymmetric Information: Bubbles, Crashes, Technical Analysis, and Herding / Edition 1

Asset Pricing under Asymmetric Information: Bubbles, Crashes, Technical Analysis, and Herding / Edition 1

by Markus K. Brunnermeier
     
 

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ISBN-10: 0198296983

ISBN-13: 9780198296980

Pub. Date: 03/29/2001

Publisher: Oxford University Press

The role of information is central to the academic debate on finance. This book provides a detailed, current survey of theoretical research into the effect on stock prices of the distribution of information, comparing and contrasting major models. It examines theoretical models that explain bubbles, technical analysis, and herding behavior. It also provides

Overview

The role of information is central to the academic debate on finance. This book provides a detailed, current survey of theoretical research into the effect on stock prices of the distribution of information, comparing and contrasting major models. It examines theoretical models that explain bubbles, technical analysis, and herding behavior. It also provides rational explanations for stock market crashes. Analyzing the implications of asymmetries in information is crucial in this area. This book provides a useful survey for graduate students.

Product Details

ISBN-13:
9780198296980
Publisher:
Oxford University Press
Publication date:
03/29/2001
Edition description:
New Edition
Pages:
262
Product dimensions:
9.00(w) x 6.10(h) x 0.70(d)

Table of Contents

1. Information, Equilibrium, Efficiency Concepts
2. No-Trade Theorems, Asset Pricing, Bubbles
3. Market Microstructure Models
4. Dynamic Models, Technical Analysis and Volume
5. Herding and Informational Cascades
6. Crashes, Investigative Herding, Bank Runs

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