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What is Fully Rational

Chapter 6
Advanced Methodologies and Technologies in Business Operations and Management
Agents who are rational with common knowledge that equilibrium trade is feasible and each agent is rational.
Published in Chapter:
Noise Trader
Po-Keng Cheng (State University of New York, Stony Brook University, USA)
Copyright: © 2019 |Pages: 7
DOI: 10.4018/978-1-5225-7362-3.ch006
Abstract
This chapter briefly reviews the literature on the topics of noise traders in the financial market. The authors cover the no‐trade theorem under complete and competitive markets in the 1980s, the noise trader approach to finance in the 1990s, and recent studies from several approaches related to noise traders, such as heterogeneous agent models, investor sentiment, retail investors, experimental analysis, and extrapolation. Understanding and tackling the issues resulted from noise traders would be essential for us to realize how financial and economic markets work.
Full Text Chapter Download: US $37.50 Add to Cart
More Results
Chapter 6
Noise Trader
Agents who are rational with common knowledge that equilibrium trade is feasible and each agent is rational.
Published in Chapter: Noise Trader; From: Encyclopedia of Information Science and Technology, Fourth Edition
Full Text Chapter Download: US $37.50 Add to Cart
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