``Impossibility of speculation theorems with noisy information

DOI10.1016/S0899-8256(05)80009-0MaRDI QIDQ1804646zbMATH OpenFDO

Authors Doron Sonsino

Publication date 11 June 1995

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/S0899-8256(05)80009-0

zbMATH Keywords

impossibility of speculationsnoisy information

Mathematics Subject Classification ID

Economics of information (91B44)

Recommendations

• Speculation under unawareness
• Information, trade and incomplete markets
• Unawareness, beliefs, and speculative trade
• Informed Speculation with Imperfect Competition
• No trade and yes trade theorems for heterogeneous priors

Cites work

• Agreeing to disagree
• Approximating common knowledge with common beliefs
• Information, trade and common knowledge

Cited in

(6)

• Common \(p\)-belief: The general case
• Disagreement is unpredictable.
• Geanakoplos and Sebenius model with noise.
• On loss aversion, level-1 reasoning, and betting
• News media and delegated information choice
• On the consistency among prior, posteriors, and information sets

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