Trading behavior and asset pricing under heterogeneous expectations
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....
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| Format: | Article NonPeerReviewed |
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[Yogyakarta] : Program Pascasarjana UGM
2005
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| Online Access: | https://repository.ugm.ac.id/22051/ http://i-lib.ugm.ac.id/jurnal/download.php?dataId=4931 |
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| Institution: | Universitas Gadjah Mada |