Blowing bubbles and capturing them in real time

In a recent paper entitled, “How to Detect an Asset Bubble” Jarrow, Kchia and Protter state that, “…After the 2007 credit crisis, Financial bubbles have once again emerged as a topic of current concern. An open problem is to determine in real time whether or not a given asset’s price process exhibits a bubble. Due to recent progress in the characterization of asset price bubbles using the arbitrage-free martingale pricing technology, we are able to…

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