Markets with heterogeneous beliefs: A necessary and sufficient condition for a trader to vanish
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DOI: 10.1016/j.jedc.2017.03.008
Abstract: What does it take to survive in the market? Previous literature has proposed sufficient conditions for a trader to vanish, which depend on pairwise comparisons of traders’ discounted beliefs. We propose a novel condition that… read more here.
Keywords: trader vanish; condition; trader; necessary sufficient ... See more keywords