We survey the recent literature on learning in financial markets. Our main theme is that many
financial market phenomena that appear puzzling at first sight are easier to understand once …

Expansion and collapse are two key features of a financial asset bubble. Bubble expansion
may be modeled using a mildly explosive process. Bubble implosion may take several …

We use brokerage account records to study trading during the Chinese put warrants bubble
and find evidence consistent with extrapolative theories of speculative asset price bubbles …

A stock price may face a bubble problem for a number of periods, but in the long run the
stock price is determined by its market fundamentals. This paper takes this possibility into …

This paper aims at to investigate the existence of multiple bubbles and specific
corresponding events in Pakistan Stock Exchange across different industrial sectors using …

We estimate the dynamics of a speculative bubble subject to a surviving and a collapsing
regime together with the dynamics of dividends and returns in a tractable state space …

Purpose This paper investigates how the gambling measure captures market bubble events,
and how it predicts stock return and option return. Design/methodology/approach This paper …

The behavioral validity of Bayes' Rule is a fundamental building block in behavioral finance,
and many recent models in traditional finance stress the importance of modeling posterior …

We construct a model of asset market exuberance, collapse and recovery using subjective
investor-based rational expectations about the impact of fundamentals on the market price …

We use brokerage account records to study trading during the Chinese put warrants bubble
and explore whether it is consistent with bubble theories. We identify the event that started …