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speculative bubble


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1 عمومی:: حباب سفته‌بازی

Essentially, this reduces to the case of those who can be long-term contrarians relative to speculative bubbles. The speculative bubble in Internet stocks that burst in 2001 bears the mark of fads in valuation (prices based on eyeballs, in that case). Allen (2001) gives a lucid explanation of how asymmetries in reward systems can promote speculative bubbles. Arguably, the most important of these is the existence of speculative bubbles, to which we turn next. Models of financial markets based on equilibrium pricing do not explain speculative bubbles and their subsequent collapse.

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2 عمومی:: حباب سفته بازی

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