logo
科言猫学术研究的AI总结
language
手机端手机端
  • Phone Feature微信小程序
简体中文简体中文
notice消息通知
博客博客
delete
arrow
返回

Trading Complex Assets

delete2013-09-10
delete35
PRE
AI
B
Bruce Carlin *
S
Shimon Kogan
DOI：10.1111/jofi.12029delete
delete原文链接
delete原文求助
delete分享
delete收藏
摘要

摘要

En 中文
We perform an experimental study to assess the effect of complexity on asset trading. We find that higher complexity leads to increased price volatility, lower liquidity, and decreased trade efficiency especially when repeated bargaining takes place. However, the channel through which complexity acts is not simply due to the added noise induced by estimation error. Rather, complexity alters the bidding strategies used by traders, making them less inclined to trade, even when we control for estimation error across treatments. As such, it appears that adverse selection plays an important role in explaining the trading abnormalities caused by complexity.
Keyword:
SEALED-BID MECHANISM
MARKETS
AI总结

AI总结

对已上传原文的论文进行重点信息的提取，主要内容包括：简要概述、研究摘要、背景介绍、关键亮点、图文解析、展望与总结。

期刊

Journal of Finance 封面图
Journal of Finance
IF:
9.5
论文数:
4.0K
被引数:
5.0W

机构

U
university of california los angeles
学者数:
5.3W
论文数: 4.2W
被引数: 89
University of California System 封面图
University of California System
学者数:
37.5W
论文数: 33.7W
被引数: 6.6K
引用论文

引用论文

QTL Analysis for Plant Height and Heading Date in Rice under Two Nitrogen Levels
errACTA AGRONOMICA SINICA
IF0
err2011-12-12
err0
errOAAI
errYue FENG; Rong-Rong ZHAI; Li-Yong CAO; Ze-Chuan LIN; Xing-Hua WEI; Shi-Hua CHENG
err分享
err收藏
ExLRU
errProceedings of the ninth ACM international conference on Embedded software
IF0
err2011-10-09
err0
PREAI
errLiang Shi; Jianhua Li; Chun Jason Xue; Chengmo Yang; Xuehai Zhou
err分享
err收藏
The trouble with overconfidence过度自信的麻烦
errPSYCHOLOGICAL REVIEW
IF5.8
err2008-04-01
err1.5K
errOAAI
errMoore, Don A.; Healy, Paul J.
err分享
err收藏
Obfuscation, Learning, and the Evolution of Investor Sophistication
errREVIEW OF FINANCIAL STUDIES
IF5.4
err2010-09-02
err90
errOAAI
errCarlin, Bruce Ian; Manso, Gustavo
err分享
err收藏
Financial Expertise as an Arms Race
errJOURNAL OF FINANCE
IF9.5
err2012-09-12
err62
errOAAI
errGlode, Vincent; Green, Richard C.; Lowery, Richard
err分享
err收藏
Strategic price complexity in retail financial markets
errJOURNAL OF FINANCIAL ECONOMICS
IF12
err2009-03-01
err268
PREAI
errCarlin, Bruce I.
err分享
err收藏
Synthesis of Fe3O4@SiO2@ZnO core–shell structured microspheres and microwave absorption properties
errAdvanced Powder Technology
IF0
err2015-11-01
err0
PREAI
errYanping Wang; Danping Sun; Gongzong Liu; Wei Jiang
err分享
err收藏
Synthesis and Biological Activity of Gold(I) N‐Heterocyclic Carbene Complexes with Long Aliphatic Side Chains
errEuropean Journal of Inorganic Chemistry
IF0
err2014-11-07
err0
PREAI
errJulià Arcau; Vincent Andermark; Mafalda Rodrigues; Ilaria Giannicchi; Lluïsa Pérez‐Garcia; Ingo Ott; Laura Rodríguez
err分享
err收藏
The valuation of complex derivatives by major investment firms: Empirical evidence
errJOURNAL OF FINANCE
IF9.5
err2012-04-18
err23
PREAI
errBernardo, AE; Cornell, B
err分享
err收藏
Intramolecular trapping of hydroxylamines from the catalytic hydrogenation of 2-nitrobiphenyls
errThe Journal of Organic Chemistry
IF0
err2002-05-01
err0
PREAI
errChester W. Muth; J. R. Elkins; Michael L. DeMatte; S. T. Chiang
err分享
err收藏
没有更多内容