๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Overconfidence, public disclosure and long-lived information

โœ Scribed by Deqing Zhou


Book ID
116423537
Publisher
Elsevier Science
Year
2012
Tongue
English
Weight
207 KB
Volume
116
Category
Article
ISSN
0165-1765

No coin nor oath required. For personal study only.


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The authors explore strategic trade in short-lived securities by agents who have private information that is potentially long-term, but do not know how long their information will remain private. Trading short-lived securities is profitable only if enough of the private information becomes public pr