RDP 9501: Modern Approaches to Asset Price Formation: A Survey of Recent Theoretical Literature Equation (6a)

E[ b t+1 | I t ]=( 1+a a ). b t MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamyramaadm aabaGaamOyamaaBaaaleaacaWG0bGaey4kaSIaamymaaqabaGccaGG 8bGaamysamaaBaaaleaacaWG0baabeaaaOGaay5waiaaw2faaiabg2 da9maabmaabaWaaSaaaeaacaWGXaGaey4kaSIaamyyaaqaaiaadgga aaaacaGLOaGaayzkaaGaaiOlaiaadkgadaWgaaWcbaGaamiDaaqaba aaaa@481E@