A Simple Proof That Futures Markets are Almost Always Informationally Inefficient
收藏NBER1989-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3209
下载链接
链接失效反馈官方服务：
资源简介：
Previous work which showed that prices could aggregate perfectly the diverse information of traders depended critically on the assumption that all agents had constant absolute risk utility. We show that either all agents must have constant absolute risk aversion utility, or all must have constant
提供机构：
美国国家经济研究局
创建时间：
1989-12-01
