Information-based trading
in the future. Market information is modeled in line with the scheme of Brody, Hughston, and Macrina. The risk-neutral distribution of the cash flow is known to the traders, who make prices with a fixed multiplicative bid-offer spread and report their prices to a game master who declares that a tra...
| Main Authors: | , , |
|---|---|
| Format: | Journal article |
| Language: | English |
| Published: |
World Scientific Publishing
2024
|