Abstract
In the previous two chapters, we have restricted ourselves to the case of two time periods, one for investing and one for receiving payoffs. For many applications it is, however, necessary to allow for models with more than two time periods. In particular one can then study re-trading on the arrival of new information. Nevertheless we will see that many of the insights we have won for the two-period model will be useful also for multi-period models.
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© 2007 Springer-Verlag Berlin Heidelberg
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Hens, T., Rieger, M.O. (2007). Multiple-Periods Model. In: Financial Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-36148-0_5
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DOI: https://doi.org/10.1007/978-3-540-36148-0_5
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