Michael Woeppel, Jordan Martel Aug 03,2023
Working Paper No.00124-00
We present a model of secured lending in which borrowers and lenders agree to disagree about collateral values. Lenders' beliefs... Read More
Christian Heyerdahl-Larsen,Howard Kung, Philipp Illeditsch Aug 20,2023
Working Paper No.00126-00
We study a macro-finance model with entrepreneurs who have diverse views about the likelihood that their ideas will lead to... Read More
Alice Hsiaw, Ing-Haw Cheng Nov 14,2022
Working Paper No.00047-01
Why do individuals interpret the same information differently? We propose that individuals follow Bayes' Rule when forming posteriors with one exception:... Read More
Ana Babus , Cecilia Parlatore Apr 30,2021
Working Paper No.00071-00
We study the determinants of asset market fragmentation in a model with strategic investors that disagree about the value of... Read More
Published: Journal of Financial Economics, 2022, 145(), 876-908Christian Heyerdahl-Larsen, Philipp Illeditsch Dec 13,2019
Working Paper No.00058-00
We develop an overlapping generations model with disagreement about the cross-sectional distribution of investors’ preferences and beliefs. This disagreement implies... Read More