Adverse effects of leverage and short-selling constraints in a financial market model with heterogeneous agents

RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION

Edward M. Miller · The Journal of Finance · 1977 · 3.6K citations

Business, Social Psychology, Public Opinion +9

A Rational Route to Randomness

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Social Sciences, Economics, Behavioral Economics +16

Heterogeneous beliefs and routes to chaos in a simple asset pricing model

William A. Brock, Cars Hommes · Journal of Economic Dynamics and Control · 1998 · 1.7K citations

Business, Economics, Finance +14

Speculative Investor Behavior in a Stock Market with Heterogeneous Expectations

J. Michael Harrison, David M. Kreps · The Quarterly Journal of Economics · 1978 · 1.6K citations

Business, Economics, Finance +15

The Leverage Cycle

John Geanakoplos · RePEc: Research Papers in Economics · 2010 · 499 citations

Social Sciences, Economics, Finance +14