Portfolio choices with near rational agents
a solution to some international-finance puzzles
Our rough guess is there are 8,500 words in this book.
At a pace averaging 250 words per minute, this book will take 0 hours and 34 minutes to read. With a half hour per day, this will take 1 days to read.
How long will it take you?
This book will take an estimated to read at a reading speed averaging words per minute. With 30 minutes per day, this will take to read.
Enter your reading speedYou can take one of our WPM reading speed tests to find your reading speed.
Create a free account to track your reading progress, build your reading list, and set reading goals.
Author
Contributions
- National Bureau of Economic Research. - Contributor
Publication
2007 - National Bureau of Economic Research, Cambridge, Mass, Massachusetts
Language
English
Word Count
8,500 words, Guess
Page Count
34 pages
Identifiers
- OCLC Control Number155341110
- Open LibraryOL17634372M
Description
"A dynamic model of consumption and portfolio decisions is analyzed in which agents seek robust choices against some misspecification of the model probability distribution. This near-rational environment can at the same time explain an imperfect international portfolio diversification and break the link between cross-country consumption correlation and real exchange rate as it is usually implied by standard preference specifications. Portfolio decisions imply moment restrictions on asset prices that are useful to extract information on the degree of near-rationality present in the data."--abstract.
Subjects
Topics
Series Statement
- NBER working paper series -- no. 13173.
- Working paper series (National Bureau of Economic Research) -- working paper no. 13173.
Links
Other Editions
- Portfolio choices with near rational agents
Reader Reviews
No reviews yet for this book.
Be the first to share your thoughts!