Equilibrium Stock Return Dynamics Under Alternative Rules of Learning About Hidden States

Preprint

1 January 2003

preprint
Published by Elsevier in SSRN Electronic Journal

https://doi.org/10.2139/ssrn.437661

Abstract

We examine the properties of equilibrium stock returns in an incomplete information economy in which agents need to learn the hidden state of the endowment proc

Keywords

SSRN
EQUILIBRIUM STOCK RETURN DYNAMICS UNDER ALTERNATIVE RULES OF LEARNING ABOUT HIDDEN STATES
MICHAEL W. BRANDT
QI ZENG
LU ZHANG

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