Matches in SemOpenAlex for { <https://semopenalex.org/work/W1519488277> ?p ?o ?g. }
Showing items 1 to 59 of
59
with 100 items per page.
- W1519488277 abstract "This research models trading behavior and examines the impact of heterogeneous expectations on asset prices. We extend Kyle’s (1985) one-period model to two-period model. The model shows that the informed trader takes into account not only the private information but also the pricing function. The price is an increasing function of the volatility of the asset value and decreasing in the volatility of uninformed traders’ demand. The costly information acquisition has an impact on the optimum demand but it has no direct impact on the price.We find the market depth is a linear function of the volatility of the uninformed traders and a weighted average of the total error variance of information. The depth is also decreasing in the volatility of the cash flow innovations. This argument is in line with the second finding, when the volatility of cash flow innovations increases, the value of risky asset becomes more volatile, and as a result the bigger are the advantages of having private information. Our research raises some questions for further investigation. We indirectly assume that the informed traders make a profit at the expense on the uninformed traders. The question is why the uninformed traders willing to face losses? What happen if there are n informed traders who have diverse information?" @default.
- W1519488277 created "2016-06-24" @default.
- W1519488277 creator A5005409266 @default.
- W1519488277 date "2005-06-12" @default.
- W1519488277 modified "2023-10-01" @default.
- W1519488277 title "TRADING BEHAVIOR AND ASSET PRICING UNDER HETEROGENEOUS EXPECTATIONS" @default.
- W1519488277 doi "https://doi.org/10.22146/gamaijb.5567" @default.
- W1519488277 hasPublicationYear "2005" @default.
- W1519488277 type Work @default.
- W1519488277 sameAs 1519488277 @default.
- W1519488277 citedByCount "0" @default.
- W1519488277 crossrefType "journal-article" @default.
- W1519488277 hasAuthorship W1519488277A5005409266 @default.
- W1519488277 hasBestOaLocation W15194882771 @default.
- W1519488277 hasConcept C10138342 @default.
- W1519488277 hasConcept C105795698 @default.
- W1519488277 hasConcept C106159729 @default.
- W1519488277 hasConcept C149782125 @default.
- W1519488277 hasConcept C162324750 @default.
- W1519488277 hasConcept C163428354 @default.
- W1519488277 hasConcept C175444787 @default.
- W1519488277 hasConcept C181622380 @default.
- W1519488277 hasConcept C33923547 @default.
- W1519488277 hasConcept C38652104 @default.
- W1519488277 hasConcept C41008148 @default.
- W1519488277 hasConcept C76178495 @default.
- W1519488277 hasConcept C91602232 @default.
- W1519488277 hasConcept C99221444 @default.
- W1519488277 hasConceptScore W1519488277C10138342 @default.
- W1519488277 hasConceptScore W1519488277C105795698 @default.
- W1519488277 hasConceptScore W1519488277C106159729 @default.
- W1519488277 hasConceptScore W1519488277C149782125 @default.
- W1519488277 hasConceptScore W1519488277C162324750 @default.
- W1519488277 hasConceptScore W1519488277C163428354 @default.
- W1519488277 hasConceptScore W1519488277C175444787 @default.
- W1519488277 hasConceptScore W1519488277C181622380 @default.
- W1519488277 hasConceptScore W1519488277C33923547 @default.
- W1519488277 hasConceptScore W1519488277C38652104 @default.
- W1519488277 hasConceptScore W1519488277C41008148 @default.
- W1519488277 hasConceptScore W1519488277C76178495 @default.
- W1519488277 hasConceptScore W1519488277C91602232 @default.
- W1519488277 hasConceptScore W1519488277C99221444 @default.
- W1519488277 hasLocation W15194882771 @default.
- W1519488277 hasOpenAccess W1519488277 @default.
- W1519488277 hasPrimaryLocation W15194882771 @default.
- W1519488277 hasRelatedWork W1497594965 @default.
- W1519488277 hasRelatedWork W2015502759 @default.
- W1519488277 hasRelatedWork W2022314361 @default.
- W1519488277 hasRelatedWork W2147298783 @default.
- W1519488277 hasRelatedWork W2988837827 @default.
- W1519488277 hasRelatedWork W3124493741 @default.
- W1519488277 hasRelatedWork W3124636395 @default.
- W1519488277 hasRelatedWork W3125578890 @default.
- W1519488277 hasRelatedWork W3204672450 @default.
- W1519488277 hasRelatedWork W4256019515 @default.
- W1519488277 isParatext "false" @default.
- W1519488277 isRetracted "false" @default.
- W1519488277 magId "1519488277" @default.
- W1519488277 workType "article" @default.