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Matches in SemOpenAlex for { <https://semopenalex.org/work/W2098987720> ?p ?o ?g. }

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• W2098987720 abstract "ABSTRACT The acceleration of the U.S. productivity growth in the late 1990s suggests a significant advance in technological innovation, making the perceived probability of entering a “new economy” ever increasing. Based on macroeconomic data, we identify a Bayesian investor's belief evolution when facing a possible structural break in the economy. We show that such belief evolution plays a significant role in explaining both the stock market boom and crash during 1998 to 2001. We conclude that a rational investor's uncertainty about the future of the U.S. economy provides an alternative explanation for the late 1990s stock market “bubble.”" @default.
• W2098987720 created "2016-06-24" @default.
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• W2098987720 date "2009-11-25" @default.
• W2098987720 modified "2023-10-03" @default.
• W2098987720 title "A Bayesian's Bubble" @default.
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• W2098987720 doi "https://doi.org/10.1111/j.1540-6261.2009.01514.x" @default.
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