Abstract
“Information Repetition, Correlation Neglect and Financial Markets” analyzes the implications for financial markets when agents fail to account for the repetition of the same piece of information across different investors.
“Correlation Neglect with Multiple Information Sources” examines the market effects of correlation neglect in a setting with multiple belief groups, where agents receive within-group correlated signals.
“Markets with Financial Advice and Heterogeneously Sophisticated Agents” investigates the equilibrium determinants of advice-seeking behavior in a model that integrates a noisy rational expectations framework with a market for conflicted financial advice.