Information and learning in markets:
Vives, Xavier
Information and learning in markets: the impact of market microstructure / by Xavier Vives. - Princeton : Princeton University Press, ©2008. - xii, 406 pages : illustrations ; 25 cm
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.
9780691145969 INR 4542.75/-
Stock exchanges.
332.642 / VIV
Information and learning in markets: the impact of market microstructure / by Xavier Vives. - Princeton : Princeton University Press, ©2008. - xii, 406 pages : illustrations ; 25 cm
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.
9780691145969 INR 4542.75/-
Stock exchanges.
332.642 / VIV