{"product_id":"multiple-investment-horizons-and-stock-price-dynamics-von-alexander-subbotin-und-kateryna-shapovalova","title":"Multiple Investment Horizons and Stock Price Dynamics","description":"\u003cp\u003eMarket prices of risky assets are driven by the  actions of economic agents that have different  investment horizons: they adjust their portfolios at  various frequencies and observe returns at different  scales. In this book we examine the problem of  multiple investment scales from three different  angles. In the first place, we study the theoretical  implications of the heterogeneity of investors'  decision horizons for price dynamics. This analysis  is carried in the frameworks of complete and bounded  rationality. Second, different time series models of  price volatility are examined in view of their  capacity to represent the properties of stock returns  simultaneously at various time scales. Finally, a  method of measuring volatility at multiple scales  with wavelet filters is developed, with application  to the detection of financial crises.\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783844333350\"\u003e\u003ch3\u003eEssays in quantitative finance\u003c\/h3\u003e\u003c\/div\u003e","brand":"Autorenwelt Shop","offers":[{"title":"Softcover - 9783844333350","offer_id":39495937065053,"sku":"9783844333350","price":68.0,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/d51201c0-54fd-48cd-bfbd-d4b382e4303c.jpg?v=1765261092","url":"https:\/\/shop.autorenwelt.de\/products\/multiple-investment-horizons-and-stock-price-dynamics-von-alexander-subbotin-und-kateryna-shapovalova","provider":"Autorenwelt Shop","version":"1.0","type":"link"}