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Information and learning in markets : the impact of market microstructure /
The ways financial analysts, traders, and other specialists use information and learn from each other are of fundamental importance to understanding how markets work and prices are set. This graduate-level textbook analyzes how markets aggregate information and examines the impacts of specific marke...
| Cote: | Libro Electrónico |
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| Auteur principal: | |
| Format: | Électronique eBook |
| Langue: | Inglés |
| Publié: |
Princeton :
Princeton University Press,
©2008.
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| Sujets: | |
| Accès en ligne: | Texto completo |
| Résumé: | The ways financial analysts, traders, and other specialists use information and learn from each other are of fundamental importance to understanding how markets work and prices are set. This graduate-level textbook analyzes how markets aggregate information and examines the impacts of specific market arrangements--or microstructure--on the aggregation process and overall performance of financial markets. Xavier Vives bridges the gap between the two primary views of markets--informational efficiency and herding--and uses a coherent game-theoretic framework to bring together the latest results f. |
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| Description matérielle: | 1 online resource (xii, 406 pages) : illustrations |
| Bibliographie: | Includes bibliographical references and index. |
| ISBN: | 9781400829507 140082950X 128245840X 9781282458406 |