Rational Belief Bubbles
We propose an extension of the class of rational expectations bubbles (REBs) to the more general rational beliefs setting of [1, 2]. In a potentially non-stationary but stationarizable environment, among a heterogenous population of agents, it is possible to hold more than one “rational” expectation...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Frontiers Media S.A.
2020-08-01
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| Series: | Frontiers in Physics |
| Subjects: | |
| Online Access: | https://www.frontiersin.org/article/10.3389/fphy.2020.00230/full |