Zobrazeno 1 - 10
of 111
pro vyhledávání: '"Roman Frydman"'
Publikováno v:
Economics: Journal Articles (2015)
Externí odkaz:
https://doaj.org/article/16ab8a3a39dc48d8b8f38e28b72f39b4
Autor:
Roman Frydman, Edmund S. Phelps
This book originated from a 2010 conference marking the fortieth anniversary of the publication of the landmark'Phelps volume,'Microeconomic Foundations of Employment and Inflation Theory, a book that is often credited with pioneering the currently d
Autor:
Roman Frydman, Michael D. Goldberg
A powerful challenge to contemporary economics and a new agenda for global financeIn the wake of the global financial crisis that began in 2007, faith in the rationality of markets has lost ground to a new faith in their irrationality. The problem, R
Autor:
Morten Nyboe Tabor, Roman Frydman
Publikováno v:
Institute for New Economic Thinking Working Paper Series. :1-42
We propose a novel interpretation and formalization of Kahneman and Tversky's findings in the Linda experiment which implies that subjects are rational in the sense of Muth's hypothesis and provides an approach to specifying rational assessment of un
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::9a2b09e61848059fecdc8818b038cd98
https://doi.org/10.36687/inetwp142
https://doi.org/10.36687/inetwp142
Publikováno v:
Journal of Behavioral Finance. 22:351-367
We reveal a novel channel through which market participants’ sentiment influences how they forecast stock returns: their optimism (pessimism) affects the weights they assign to fundamentals. Our analysis yields four main findings. First, if good (b
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::481e1c7c17e153acdba0320ff04fb413
https://doi.org/10.1080/15427560.2020.1774769
https://doi.org/10.1080/15427560.2020.1774769
Autor:
Nicholas Mangee, Roman Frydman
Publikováno v:
Journal of Risk and Financial Management, Vol 14, Iss 521, p 521 (2021)
Journal of Risk and Financial Management
Volume 14
Issue 11
Journal of Risk and Financial Management
Volume 14
Issue 11
This study introduces a novel index based on expectations concordance for explaining stock-price volatility when novel events that are each somewhat unique cause unforeseeable change and Knightian uncertainty in the process driving outcomes. Expectat
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::bdbe4b4227aa9f3c9c6ae33e9b7ee78e
https://www.mdpi.com/1911-8074/14/11/521
https://www.mdpi.com/1911-8074/14/11/521
Autor:
Joshua Stillwagon, Roman Frydman
We develop a novel characterization of participants’ forecasts with a mixture of normal variables arising from a Markov component. Using this characterization, we formulate five behavioral specifications, including four implied by the diagnostic ex
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::be465c3eaa2143f9a75389fa91c67424
https://doi.org/10.36687/inetwp163
https://doi.org/10.36687/inetwp163
Autor:
Roman Frydman, Michael D. Goldberg
Publikováno v:
Knowledge, Information, and Expectations in Modern Macroeconomics
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::04b56c1793e6f733e89d2c58b80f7c99
https://doi.org/10.2307/j.ctv18zhdvn.13
https://doi.org/10.2307/j.ctv18zhdvn.13
Autor:
Joshua R. Stillwagon, Roman Frydman
Publikováno v:
Journal of Economic Behavior & Organization. 148:189-198
Rational expectations and behavioral-finance models are widely interpreted as representing two distinct conceptions of decision-making: rational and irrational, respectively. Using survey data, this paper presents econometric evidence that both funda
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::3607bcd5769553b09bb52e1fdddcee79
https://doi.org/10.1016/j.jebo.2018.02.017
https://doi.org/10.1016/j.jebo.2018.02.017