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Modeling the learning from repeated samples : a generalized cross entropy approach

Bernardini Papalia, Rosa (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001919508

Malliavin's calculus in insider models : additional utility and free lunches

Imkeller, Peter - 2002

We consider simple models of financial markets with regular traders and insiders possessing some extra information … information drift, i.e. the drift to eliminate in order to preserve the martingale property in the insider's filtration, turns out … trace of the conditional laws of the insider information with respect to the filtration of the regular trader. Several …

Persistent link: https://www.econbiz.de/10009620768

A sealed-bid auction that matches the English auction

Perry, Motty; Wolfstetter, Elmar; Zamir, Shemuʾel - 1998

This paper analyzes a two-stage sealed-bid auction that is frequently employed in privatization, takeover, and merger and acquisition contests. This auction format yields the same expected revenue as the open ascending (English) auction, yet is less susceptible to preemptive bidding and...

Persistent link: https://www.econbiz.de/10009578005

Quantifying the value of initial investment information

Amendinger, Jürgen; Becherer, Dirk; Schweizer, Martin - 2000

available information flow. This investor faces the opportunity to acquire some additional initial information G.. The … subjective fair value of this information for the investor is defined as the amount of money that he can pay for G such that this … initially enlarged filtrations. -- utility maximization ; value of information ; initial enlargement of filtrations ; Martingale …

Persistent link: https://www.econbiz.de/10009583881

An experimental test of direct and indirect reciprocity in case of complete and incomplete information

Dufwenberg, Martin; Genîzî, Ûrî; Güth, Werner; … - 2000

experiment of Berg, Dickhaut, and McCabe (1995). Another variation concerns the information about the multiplier of donations …

Persistent link: https://www.econbiz.de/10009583886

The false consensus effect disappears if representative information and monetary incentives are given

Engelmann, Dirk; Strobel, Martin - 1999

provide information about other subjects' choices. There we find no false consensus effect. At an aggregate level, subjects … not provide information. …

Persistent link: https://www.econbiz.de/10009581106