RDP 9501: Modern Approaches to Asset Price Formation: A Survey of Recent Theoretical Literature
Equation (2)
x
t
=
1
(
1
+
a
)
∑
i
=
0
T
(
a
1
+
a
)
i
E
[
z
t
+
i
|
I
t
]
+
(
a
1
+
a
)
T
+
1
E
[
x
t
+
T
+
1
|
I
t
]
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