markets. Taking into account different learning mechanisms within the investor population, we characterize the optimal timing … learning by investors may induce producers to increase wasteful obfuscation, further disorienting investors and decreasing …

different learning mechanisms within the investor population, we characterize the optimal timing of obfuscation for financial … participation in the market. We show that educational initiatives that are directed to facilitate learning by investors may induce …

different learning mechanisms within the investor population, we characterize the optimal timing of obfuscation for financial … participation in the market. We show that educational initiatives that are directed to facilitate learning by investors may induce …