Asymmetric Information, Heterogeneous Belief and Risky Asset Pricing

Xiao Qiang Yu; Shan Cun Liu

doi:10.4028/www.scientific.net/AMR.430-432.1095

Paper Titles

Starch/SBR Biocomposites Prepared by Solid Blend Method: Effect of Surface Modification and Coupling Agent
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Comparison and Analysis of Two Auditory Models Faced to Mechanical Faults Diagnosis
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Design and Analysis of the Digging Spring Tooth of Stubble Harvester
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Research of Telecommunications Access Pricing Based on Evolutionary Game Theory
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Asymmetric Information, Heterogeneous Belief and Risky Asset Pricing
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Application of Random Medium Model in Analyzing Surface Settlement Caused by Pit Excavation
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A Design of Intelligent Family Network Based on Distributed Control System
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Influence of Process Parameters on the Deep Cup-Drawing Process by Simulation
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Design of 3D Pattern on Jacquard Fabric Based on Digital Jacquard
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HomeAdvanced Materials ResearchAdvanced Materials Research Vols. 430-432Asymmetric Information, Heterogeneous Belief and...

Asymmetric Information, Heterogeneous Belief and Risky Asset Pricing

Abstract:

In this paper, we put forward the assumption that investors have asymmetric information and heterogeneous belief and derive an asset pricing model. The model suggests the extent of asymmetric information or heterogeneous belief is positively correlated with the risky asset price, which matches the former empirical research.