PPT-Short Investment Horizons, Higher Order Beliefs, and Difficulty of Backward Induction:

Shinichi Hirota Juergen Huber Thomas Stoeckl and Shyam Sunder Yale School of Management Faculty Workshop April 30 2014 An Overview Explore Why prices may deviate

000 session period prices session 000 prices period horizon generations price liquidity stock induction terminal treatment figure short 100

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