Home  Journals  Finance and Credit  38(470) - 2011 October

To the question on the precision of the market values estimation at the real-virtual markets

Available online: 20 October 2011

Subject Heading: QUESTIONS OF ECONOMY

JEL Classification: 

It is observed, that in the pre-crisis and crisis situations the estimation errors of the market values increases sharply both at the real and virtual markets. Meanwhile in this case there is a clear correlation between the estimation errors committed by different agents, which can be interpreted as a mass (universal) the displacement estimates on the order of the coefficient of variation. The experimental observed data on commercial areas materials is presented in the article and contain the indirect data about differences in the errors of estimation such, for example, values as the typical for the Russian economy rough and information objects (corporations), and also property objects (housing habitation). Stocktaking of these differences is extremely important by the valuation of their investment risks.

Keywords: real-virtual markets, combined probabilistic model, the estimation errors, the market value, limited irrational agents

View all articles of issue

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 4 April 2024

Archive