A simple proof that futures markets are almost always informationally inefficient
By: Ian Gale, Joseph E. Stiglitz.
Contributors: Stiglitz, Joseph E.
Series: NBER working paper series -- working paper no. 3209; Working paper series (National Bureau of Economic Research) -- working paper no. 3209.
Publisher: National Bureau of Economic Research
Published: 1989
Place of publication: Cambridge, MA
Language: eng
Number of pages: 19
Subjects: Information theory in economics -- Mathematical models.; Foreign exchange futures -- Mathematical models.; Efficient market theory -- Mathematical models.; Utility theory -- Mathematical models.; Risk -- Economic aspects.
Notes: "December 1989."

Includes bibliographical references (p. 17).

Binghamton University Libraries' copy bound with: Job training :costs, returns, and wage profiles.