An edition of Information and Learning in Markets (2008)
Information and Learning in Markets
The Impact of Market Microstructure
By Xavier Vives
Publish Date
May 1, 2008
Publisher
Princeton University Press
Language
eng
Pages
420
Description:
"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."--Jacket.