Continuous Beliefs Dynamics

Preprint

1 January 2003

preprint
Published by Elsevier in SSRN Electronic Journal

https://doi.org/10.2139/ssrn.382281

Abstract

We propose a general framework for studying the evolution of heterogeneous beliefs in a dynamic feedback setting. Beliefs distributions are defined on a continu

Keywords

EXPECTATION FORMATION
HETEROGENEITY
CONTINUOUS BELIEFS
EXPECTATIONS FEEDBACK
ENDOGENOUS NOISE

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