CAO Xiao-hua, SUN Pei-yuan, YANG Chao-jun. Information Disclosure Process and Traders Strategy Change[J]. Journal of University of Electronic Science and Technology of China, 2006, 35(2): 282-284.
Citation:
CAO Xiao-hua, SUN Pei-yuan, YANG Chao-jun. Information Disclosure Process and Traders Strategy Change[J]. Journal of University of Electronic Science and Technology of China, 2006, 35(2): 282-284.
CAO Xiao-hua, SUN Pei-yuan, YANG Chao-jun. Information Disclosure Process and Traders Strategy Change[J]. Journal of University of Electronic Science and Technology of China, 2006, 35(2): 282-284.
Citation:
CAO Xiao-hua, SUN Pei-yuan, YANG Chao-jun. Information Disclosure Process and Traders Strategy Change[J]. Journal of University of Electronic Science and Technology of China, 2006, 35(2): 282-284.
Information Disclosure Process and Traders Strategy Change
The classical Kyle model to the infinite horizon case is generalized. Based on this, The trading strategy of informed trader in the sense of linear equilibrium. Based on assumption that private information is disclosed to the market gradually. Compared with classical Kyle model, informed trader has less trading enthusiasm, and has more expected profits due to more information advantage.
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