The distribution of information and the price efficiency of markets

DOI10.1016/j.jedc.2019.02.006zbMath1460.91259OpenAlexW2897107892MaRDI QIDQ2291431

Yanyan Li

Publication date: 30 January 2020

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://digitalcommons.chapman.edu/esi_working_papers/247/

zbMATH Keywords

market efficiencyinformation aggregationlearning modelsexperimental asset marketsinformation dispersioncognitive finance

Mathematics Subject Classification ID

Economics of information (91B44) Financial markets (91G15)

Cites Work

• Information aggregation in experimental asset markets in the presence of a manipulator
• On the aggregation of information in competitive markets
• Price formation in double auction markets
• Price formation in double auctions
• Parimutuel betting markets as information aggregation devices: experimental results
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• Continuous Auctions and Insider Trading
• A Rational Theory of Mutual Funds' Attention Allocation
• Inference by Believers in the Law of Small Numbers
• Cursed Equilibrium
• Marketmaking in the laboratory: Does competition matter?