Question: Again using the DHS model, suppose that 0 = 1; oz = 1; o? = 2; o? = 1; and 51 = 2. Describe and

Again using the DHS model, suppose that 0 = 1; oz

Again using the DHS model, suppose that 0 = 1; oz = 1; o? = 2; o? = 1; and 51 = 2. Describe and comment on the path of prices when overconfident investors determine prices versus the rational path of prices. Again using the DHS model, suppose that 0 = 1; oz = 1; o? = 2; o? = 1; and 51 = 2. Describe and comment on the path of prices when overconfident investors determine prices versus the rational path of prices

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