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Information Acquisition, Efficiency, and Non-Fundamental Volatility
Hebert, Benjamin - 2020
This paper analyzes non-fundamental volatility and efficiency in a class of large games (including e.g. linear … guarantee zero non-fundamental volatility in equilibrium, and provide another set of necessary and sufficient conditions to … rational inattention literature, both precludes non-fundamental volatility and imposes efficiency, whereas the Fisher …
Persistent link: https://www.econbiz.de/10012840853
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Information acquisition, efficiency, and nonfundamental volatility
Hébert, Benjamin; La'O, Jennifer - In: Journal of political economy 131 (2023) 10, pp. 2666-2723
Persistent link: https://www.econbiz.de/10014420242
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Overconfidence bias, self-attribution bias and investor decisions : moderating role of information acquisition
Farrukh Naveed; Taib, Hasniza Mohd - In: Pakistan journal of commerce and social sciences 15 (2021) 2, pp. 354-377
The purpose of this paper is to empirically test the association of behavioral biases like overconfidence bias and self-attribution bias, and information acquisition with individual investors decisions. This study also extends its contributions in understanding the role of information...
Persistent link: https://www.econbiz.de/10012599903
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Overconfidence and market efficiency with heterogeneous agents
García, Diego; Sangiorgi, Francesco; Urošević, Branko - In: Economic theory : official journal of the Society for … 30 (2007) 2, pp. 313-336
Persistent link: https://www.econbiz.de/10003419734
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Arrogance can be a virtue : overconfidence, information acquisition, and market efficiency
Ko, K. Jeremy; Huang, Zhijian (James) - In: Journal of financial economics 84 (2007) 2, pp. 529-560
Persistent link: https://www.econbiz.de/10003464206
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Information acquisition and welfare effect in a model of competitive financial markets
Hu, Xiaojuan; Qin, Cheng-zhong - In: Economic theory : official journal of the Society for … 54 (2013) 1, pp. 199-210
Persistent link: https://www.econbiz.de/10009792471
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Information diffusion and momentum in laboratory markets
Lin, Shengle - In: The journal of behavioral finance : a publication of … 16 (2015) 4, pp. 357-372
Persistent link: https://www.econbiz.de/10011566156
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Markets for information : of inefficient firewalls and efficient monopolies
Cabrales, Antonio; Gottardi, Piero - In: Games and economic behavior 83 (2014), pp. 24-44
Persistent link: https://www.econbiz.de/10010473561
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Informational frictions in financial markets
Hapnes, Erik - 2021
This thesis consists of three chapters on informational frictions in financial markets. The chapters analyze problems related to markets' ability to guide real investment, and what drives liquidity. Both problems are important to ensure efficient resource allocation in the economy. The first...
Persistent link: https://www.econbiz.de/10012581789
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Stock market rumors and credibility
Schmidt, Daniel - 2019
Stock prices occasionally move in response to unverified rumors. I propose a cheap talk model in which a rumormonger's incentives to tell the truth depend on the interaction between her investment horizon and the information acquisition decisions of message-receiving investors. The model's key...
Persistent link: https://www.econbiz.de/10012250063