7 citations · 11 across the 4 of their papers we have counts for
4 papers
News-driven Expectations and Volatility Clustering
Sabiou Inoua
Financial volatility obeys two fascinating empirical regularities that apply to various assets, on various markets, and on various time scales: it is fat-tailed (more precisely pow…
Perishable Goods versus Re-tradable Assets: A Theoretical Reappraisal of a Fundamental Dichotomy
Sabiou Inoua, Vernon Smith
Experimental results on market behavior establish a lower stability and efficiency of markets for durable re-tradable assets compared to markets for non-durable, or perishable, goo…
Classical Economics: Lost and Found
Sabiou Inoua, Vernon Smith
"Economists miss the boat when they act as if Arrow and Debreu's general equilibrium model accurately describes markets in the real world of constant change. In contrast, the class…
The Random Walk behind Volatility Clustering
Sabiou Inoua
Financial price changes obey two universal properties: they follow a power law and they tend to be clustered in time. The second regularity, known as volatility clustering, entails…