Efficient Markets and Information Processing: Difference between revisions

Latest revision as of 02:19, 2 May 2006

"The amount of information one can receive depends on the person's background

knowledge about that particular information… Since different people have different

background knowledge about the same information, heterogeneity of opinion occurs

naturally." -Jing Chen

@@ Line 1: / Line 1: @@
 <center>{{efficient}}</center>
+<br>
+<p align="center">[[Image:Donald_final4.jpg|thumb|Description]]    <br>
+<br>
-==Questions to Look At:==
+"The amount of information one can receive depends on the person's background
-Before any new information entered the market, did the market effectively move?
+knowledge about that particular information… Since different people have different
-What happens as new information arrives in the market?
-Was passive or active trading more affective?
-Emperical Evidence of Similar Experience:
+background knowledge about the same information, heterogeneity of opinion occurs
+naturally." -Jing Chen <br>
+<center>{{efficient}}</center>