Thesis / Dissertation

Essays on Perfect Foresight in Asset Pricing

Ryan Joshua Acea Anderson, Peter Bossaerts (ed.)

Published : 2020

Abstract

Through experimental and theoretical analysis, this thesis addresses the question of how the context of information in capital markets can affect the occurrence of perfect foresight equilibria. It contains three essays that build on theoretical and experimental applications of the perfect foresight assumption. The first essay contrasts theoretical and experimental strains of information aggregation – the ability of prices to aggregate disparate pieces. It contains a methodological guide for designing robust information aggregation experiments with a detailed description of the pilot studies that were used to develop the experimental study in the second essay. The second essay introduces tw..

View full abstract

University of Melbourne Researchers