Asset Valuation Allocation Models
Asset Valuation Allocation Models Speculative trading stems from disagreements among traders. Besides the approaches based on the existence of private information (and noise traders) or the dierences of opinions, Harrison and Kreps(1978) and Morris(1996) relied on the presence of diverse beliefs to explain speculative phenomena. This paper proposes a new model of speculative trading by […]
Deutsche Bank – Asset Valuation Allocation Models 2001
How can we judge whether stock prices are too high, too low, or just right? The purpose of this weekly report is to track a stock valuation model that attempts to answer this question. While the model is very simple, it has been quite accurate and can also be used as a stocks-versus-bonds asset allocation tool. I […]
Deutsche Bank – Asset Valuation Allocation Models 2002
How can we judge whether stock prices are too high, too low, or just right? The purpose of this weekly report is to track a stock valuation model that attempts to answer this question. While the model is very simple, it has been quite accurate and can also be used as a stocks-versus-bonds asset allocation tool. I started […]