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https://dev.focus.bse.eu Research insights from the Barcelona School of Economics Mon, 30 Nov 2015 15:35:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.13 https://dev.focus.bse.eu/wp-content/uploads/cropped-bse-focus-site-icon-32x32.png https://dev.focus.bse.eu 32 32 https://dev.focus.bse.eu/financial-bubbles-exist/ Thu, 04 Sep 2014 12:06:04 +0000 https://focus.barcelonagse.eu/?p=440 Klaus Adam, Johannes Beutel, and Albert Marcet show that a very simple model of stock prices can explain very well the stock price volatility found in the data assuming that investors do not understand perfectly well how prices are formed.]]>