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Using the DHS model, suppose that =1; 2=1; 2=2; 2=1; and s1=2. Describe and comment on the path of prices when overconfident investors determine prices

Using the DHS model, suppose that =1; 2=1; 2=2; 2=1; and s1=2.

Describe and comment on the path of prices when overconfident investors determine prices vs. the rational path of prices

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