Revisiting the excess volatility puzzle through the lens of the Chiarella model

• Jutta G. Kurth ,

  Roles Conceptualization, Formal analysis, Investigation, Methodology, Validation, Visualization, Writing – original draft, Writing – review & editing

  * E-mail: jutta.kurth@polytechnique.edu

  Affiliations CFM Chair of Econophysics and Complex Systems, École polytechnique, Palaiseau Cedex, France, LadHyX UMR CNRS 7646, École polytechnique, Palaiseau Cedex, France

  https://orcid.org/0000-0002-7874-0004

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• Adam A. Majewski,

  Roles Conceptualization, Data curation, Investigation, Methodology, Supervision, Writing – review & editing

  Affiliation Capital Fund Management, Rue de l’Université, Paris, France

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• Jean-Philippe Bouchaud

  Roles Conceptualization, Investigation, Methodology, Project administration, Supervision, Writing – original draft, Writing – review & editing

  Affiliations Capital Fund Management, Rue de l’Université, Paris, France, Académie des Sciences, Quai de Conti, Paris, France

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