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Understanding the Plott-Wit-Yang paradox

Kálovcová, Katarína; Ortmann, Andreas - In: The journal of prediction markets 3 (2009) 3, pp. 33-44

Persistent link: https://www.econbiz.de/10003950947

Understanding the Plott-Wit-Yang paradox

Kálovcová, Katarína; Ortmann, Andreas - 2009

Persistent link: https://www.econbiz.de/10003953601

Understanding the Plott-Wit-Yang Paradox

Kalovcova, Katarina - 2009

Plott, Wit & Yang (2003) conduct a betting market experiment and find: First, information was aggregated. This suggests … replicate their experiment. Our results suggest that the paradox seems due to aggregate rather than individual level data …

Persistent link: https://www.econbiz.de/10013153388

Information at risk

Butters, John - In: Managing business risk, (pp. 168-172). 2003

Persistent link: https://www.econbiz.de/10002856862

The Two Faces of Information

Gaballo, Gaetano; Ordoñez, Guillermo - National Bureau of Economic Research - 2021

In absence of insurance contracts to share risk, public information is a double-edged sword. On the one hand, it empowers self-insurance as agents better react to shocks, reducing risk. On the other hand, it weakens market-insurance as common knowledge of shocks restricts trading risk. We embody...

Persistent link: https://www.econbiz.de/10012482704