Showing 1 - 10 of 57
motives, the roles and the consequences of the Jesuits as agents of information regarding China affected the European … and transmission of information. It finds that economic progress and political consolidation in Europe did result in a …
Persistent link: https://www.econbiz.de/10005870547
This paper presents a new method to detect informed trading activities in the options markets.An option trade is identified as informed when it is characterized by an unusual largeincrement in open interest and volume, induces large gains, and is not hedged in the stock market.For the period...
Persistent link: https://www.econbiz.de/10005868704
We develop a new theory of international capital flows based on dispersed in-formation across individual investors …-standing asset price behavior. We introduce information dispersion into an openeconomy dynamic general equilibrium portfolio choice … model, and emphasize twoimplications for capital flows that are speci…c to the presence of dispersed infor-mation. First …
Persistent link: https://www.econbiz.de/10005868844
We explore the relationship between public information and implementable outcomes in an environment characterized by … random endowments and private information. We show that if public signals carry no information about private types, then an … Bayesian incentive compatibility. The result extends the notion, dating to Hirshleifer (1971), that public information can have …
Persistent link: https://www.econbiz.de/10010263205
strongly to predictable marginal cost changes, as expected from the Mankiw and Reis (2002) Sticky information model. We find …
Persistent link: https://www.econbiz.de/10010273917
) receive information about past performance, or (d) receive no message. Expectations increase math scores by 0.19σ, with …. Information provision has comparably large effects (0.16σ), particularly in schools with low parental literacy. However, pairing …
Persistent link: https://www.econbiz.de/10015113060
We analyze unique data on three sources of information on the probability of re-employment within 6 months (RE6), for …) assessments sometimes contain information not captured by the machine learning algorithm. …
Persistent link: https://www.econbiz.de/10014540915
subjects. Irrespective of preference types, individuals vastly overestimate the extent of income inequality. An information …
Persistent link: https://www.econbiz.de/10014468203
We provide a new characterization of AGM belief revision in terms of a Kripke-Stalnaker-Lewis semantics. We consider pointed frames consisting of a set of states, a distinguished state interpreted as the actual state, a Kripke belief relation and a Stalnaker-Lewis selection function. Adding a...
Persistent link: https://www.econbiz.de/10014474493
We provide a new characterization of both belief update and belief revision in terms of a Kripke-Lewis semantics. We consider frames consisting of a set of states, a Kripke belief relation and a Lewis selection function. Adding a valuation to a frame yields a model. Given a model and a state, we...
Persistent link: https://www.econbiz.de/10014474494