id	author	title	date	pages	extension	mime	words	sentences	flesch	summary	cache	txt
work_i5jewootsnhvrcvfsugrmdljaa	Mordecai Kurz	Beauty contests under private information and diverse beliefs: How different?	2008	38	.pdf	application/pdf	16770	2481	78	Abstract: The paper contrasts theories that explain diverse belief by asymmetric private information (in short PI) with This paper explores the economic structure of asset pricing theories under private information theories where agents have diverse beliefs and use diverse models constitute a natural setting for expected utility while markets clear after traders deduce from prices all possible information. trading generate more price data from which traders deduce added information about Q. natural objections against models where traders use private information to forecast variables in the under HB traders need price history to form beliefs, we assume trading is carried out by generations of belief diversity flows from the fact that traders do not know the true probability distribution of the difference between the private information and the heterogenous belief models are the expectations of functions of the market beliefs, it follows that future endogenous variables are forecasted by	./cache/work_i5jewootsnhvrcvfsugrmdljaa.pdf	./txt/work_i5jewootsnhvrcvfsugrmdljaa.txt