Business and Money ebooks
Series: Springer Finance
Hardcover: 198 pages
Publisher: Springer (April 28, 2003)
Product Dimensions: 6.1 x 0.6 x 9.2 inches
Amazon Rank: 5948429
Format: PDF Text TXT book
After a brief review of the existing incomplete information literature, the effect of incomplete information on investors' exptected utility, risky asset prices, and interest rates is described. It is demonstrated that increasing the quality of investors' information need not increase their expected utility and the prices of risky assets. The impact of other factors is discussed in detail. It is ...
Incomplete Information And Heterogeneous Beliefs In Continuous-Time Finance (Springer Finance) reviews:
The book has deficiencies that I am sorry to report in the following.The book is about heterogeneous beliefs. Therefore, a discussion of therelevant literature would have been appropriate. Unfortunate...
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