Asset Pricing in Production Economies with Extrapolative Expectations

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Psychology-based Models of Asset Prices and Trading Volume (2018, methodology): “More recent models include Fuster et al. (2012), Choi and Mertens (2013), Alti and Tetlock (2014), Hirshleifer et al. (2015), and Bordalo et al. (2017, 2018a).16 Models of cash-flow extrapolation predict that the past growth in an asset’s fundamentals will be negatively related to the asset’s…”
Stock Price Booms and Expected Capital Gains (2017, unknown): “…one order of magnitude short of that observed in the data, so that there are no signi cant stock price boom and bust episodes.7 In ongoing work, Hirshleifer and Yu (2012) and Choi and Mertens (2013) consider Bayesian RE models with time non-separable preferences and investors who extrapolate…”
Diagnostic Expectations and Credit Cycles (2018, background): “This article has been accepted for publication and undergone full peer review but has not been through the copyediting, typesetting, pagination and proofreading process, which may lead to differences between this version and the Version of Record.”
Expectations and Investment (2015, unknown): “Some of the recent papers include Amronin and Sharpe (2009), Bacchetta, Mertens and Wincoop (2009), Hirshleifer and Yu (2012), and Greenwood and Shleifer (2014), to which we return later.”