Huber, Jürgen; Kirchler, Michael; Stefan, Matthias - In: Journal of Economic Behavior & Organization 107 (2014) PB, pp. 798-809
We investigate the influence of skewness in asset fundamentals on asset prices under different states of uncertainty in double-auction markets. Three different types of assets are considered: risky assets, ambiguous assets and assets where the fundamental value distribution can be learned by...