Rational exuberance booms
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DOI: 10.1016/j.red.2019.07.002
Abstract: Abstract I provide a theory of information production and learning that can help account for both the excessive optimism that fueled booms preceding crises and the slow recoveries that followed. In my theory, persistence and… read more here.
Keywords: exuberance; exuberance booms; rational exuberance; information production ... See more keywords