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Learning with Rare Disasters
Language: en
Pages: 64
Authors: Jessica A. Wachter
Categories:
Type: BOOK - Published: 2019 - Publisher:

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Financial crises appear to have long-lasting effects, even after the crisis itself has past. This paper offers a simple explanation through Bayesian learning fr
Learning, Rare Disasters, and Asset Prices
Language: en
Pages: 35
Authors: Yang K. Lu
Categories:
Type: BOOK - Published: 2016 - Publisher:

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We incorporate joint learning about state and parameter into a consumption-based asset pricing model with rare disasters. Agents are uncertain whether a negativ
Learning, Rare Disasters, and Asset Prices
Language: en
Pages: 34
Authors: Federal Reserve Federal Reserve Board
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Type: BOOK - Published: 2014-11-15 - Publisher: CreateSpace

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In this study, we examine how learning about disaster risk affects asset pricing in an endowment economy. We extend the literature on rare disasters by allowing
Learning, Rare Disasters, and Asset Prices
Language: en
Pages:
Authors: Yang K. Lu
Categories:
Type: BOOK - Published: 2013 - Publisher:

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Asset Pricing Under Rational Learning about Rare Disasters
Language: en
Pages: 0
Authors: Christos Koulovatianos
Categories: Capital assets pricing model
Type: BOOK - Published: 2011 - Publisher:

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