Partial Equilibrium Thinking

Presenter: Francesca Bastianello Affiliation: University of Chicago, Booth School of Business. Paper: Partial Equilibrium Thinking, Extrapolation, and Bubbles Date: September 6, 2022 Time: 12:00 GMT (15:00 Israel Time) Abstract: We model a financial market where some agents mistakenly attribute any price change they observe to new information alone, when in reality part of the price … Read more