Discrete Dynamics in Nature and Society / 2015 / Article / Tab 3

Research Article

Does Expectation of Correlation Breakdown in Financial Market Fulfill Itself?

Table 3

Correlation between the returns of high-risk and low-risk assets estimated by rational agents (ex-ante correlation).

Initial excess demand Prevalence in the market
Rational investors Contrarian speculators

Largely high or low 0.998 0.112
Close to zero 0.000 0.113

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