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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
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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
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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
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Private information, risk aversion, and the evolution of market research
Güth, Sandra; Güth, Werner; Müller, Wieland - 2000
. -- evolution ; oligopoly ; market research ; private information …
Persistent link: https://www.econbiz.de/10009612010
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Does cascade behavior in information cascades reflect Bayesian updating? : an experimental study
Oberhammer, Clemens; Stiehler, Andreas - 2001
alone can only provide a very rough information on individual updating behavior. Therefore, we implement a BDM mechanism …
Persistent link: https://www.econbiz.de/10009613603
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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
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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
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Information cascades on the labor market
Kübler, Dorothea; Weizsäcker, Georg - 2001
A model of herding behavior on the labor market is discussed where employers only receive signals with limited precision about the workers' types, but can observe previous employers' decisions. In particular, we study a situation where the employer and the worker can influence the signal...
Persistent link: https://www.econbiz.de/10009616781
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Drivers and impediments of consumer online information search : self-controlled versus agent-based search in a high involvement context
Spiekermann, Sarah; Strobel, Martin; Temme, Dirk - 2002
Persistent link: https://www.econbiz.de/10009622678
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Limited depth of reasoning and failure of cascade formation in the laboratory
Kübler, Dorothea; Weizsäcker, Georg - 2000
We examine the robustness of information cascades in laboratory experiments. Apart from the situation in which each … costly signals is studied where players decide whether to obtain private information or not, at a small but positive cost. In … the equilibrium of this game, only the first player buys a signal and chooses an urn based on this information whereas all …
Persistent link: https://www.econbiz.de/10009612571