Échale un vistazo
information and learning in markets (ebook)-xavier vives-9781400829507

INFORMATION AND LEARNING IN MARKETS EBOOK

XAVIER VIVES

, 2010
  • Formato: EPUB - DRM
  • Editorial: PRINCETON UNIVERSITY PRESS
  • Lengua: INGLÉS
  • Año edición: 2010
  • ISBN: 9781400829507

The ways financial analysts, traders, and other specialists use information and learn from each other are of fundamental importance to understanding how markets work and prices are set. This graduate-level textbook analyzes how markets aggregate information and examines the impacts of specific market arrangements--or microstructure--on the aggregation process and overall performance of financial markets. Xavier Vives bridges the gap between the two primary views of markets--informational efficiency and herding--and uses a coherent game-theoretic framework to bring together the latest results from the rational expectations and herding literatures.

Vives emphasizes the consequences of market interaction and social learning for informational and economic efficiency. He looks closely at information aggregation mechanisms, progressing from simple to complex environments: from static to dynamic models; from competitive to strategic agents; and from simple market strategies such as noncontingent orders or quantities to complex ones like price contingent orders or demand schedules. Vives finds that contending theories like informational efficiency and herding build on the same principles of Bayesian decision making and that "irrational" agents are not needed to explain herding behavior, booms, and crashes. As this book shows, the microstructure of a market is the crucial factor in the informational efficiency of prices.

  • Provides the most complete analysis of the ways markets aggregate information
  • Bridges the gap between the rational expectations and herding literatures
  • Includes exercises with solutions
  • Serves both as a graduate textbook and a resource for researchers, including financial analysts

73.75€

70.06€

70.06€

Inseparables, comprar "INFORMATION AND LEARNING IN MARKETS (EBOOK)" junto con:

information and learning in markets (ebook)-xavier vives-9781400829507
neoclassical finance (ebook)-9781400830206
NEOCLASSICAL FINANCE (EBOOK)

Cómpralos hoy por

information and learning in markets (ebook)-xavier vives-9781400829507
investors and markets (ebook)-9781400830183
INVESTORS AND MARKETS (EBOOK)

Cómpralos hoy por

information and learning in markets (ebook)-xavier vives-9781400829507
beyond mechanical markets (ebook)-9781400838189
BEYOND MECHANICAL MARKETS (EBOOK)

Cómpralos hoy por

Datos del producto

  • Editorial: PRINCETON UNIVERSITY PRESS
  • Lengua: INGLÉS
  • ISBN: 9781400829507
  • Año edición: 2010
  • Formato: EPUB - DRM Tagus

Resumen

The ways financial analysts, traders, and other specialists use information and learn from each other are of fundamental importance to understanding how markets work and prices are set. This graduate-level textbook analyzes how markets aggregate information and examines the impacts of specific market arrangements--or microstructure--on the aggregation process and overall performance of financial markets. Xavier Vives bridges the gap between the two primary views of markets--informational efficiency and herding--and uses a coherent game-theoretic framework to bring together the latest results from the rational expectations and herding literatures.

Vives emphasizes the consequences of market interaction and social learning for informational and economic efficiency. He looks closely at information aggregation mechanisms, progressing from simple to complex environments: from static to dynamic models; from competitive to strategic agents; and from simple market strategies such as noncontingent orders or quantities to complex ones like price contingent orders or demand schedules. Vives finds that contending theories like informational efficiency and herding build on the same principles of Bayesian decision making and that "irrational" agents are not needed to explain herding behavior, booms, and crashes. As this book shows, the microstructure of a market is the crucial factor in the informational efficiency of prices.

  • Provides the most complete analysis of the ways markets aggregate information
  • Bridges the gap between the rational expectations and herding literatures
  • Includes exercises with solutions
  • Serves both as a graduate textbook and a resource for researchers, including financial analysts

0

Valoración Media

Todavía no ha sido valorado

Valoraciones usuarios

  • (0)
  • (0)
  • (0)
  • (0)
  • (0)

Recomendaciones usuarios

  • 0% No ha sido todavía recomendado
Haz tu recomendación

Opiniones "INFORMATION AND LEARNING IN MARKETS (EBOOK)"

No hay opiniones para este producto

Hazte un hueco en la comunidad de Casa del Libro, regístrate