Title: Information and Learning in Markets
Description: "The ways financial analysts, traders, and other specialists use information and learn from each other are of fundamental importance to understanding how markets work and prices are set. This graduate-level textbook analyzes how markets aggregate information and examines the impacts of specific market arrangements - or microstructure - on the aggregation process and overall performance of financial markets. Xavier Vives bridges the gap between the two primary views of markets-informational efficiency and herding - and uses a coherent game-theoretic framework to bring together the latest results from the rational expectations and herding literatures."--Jacket.
Subjects: Stock exchanges, Bourse, BUSINESS & ECONOMICS, Investments & Securities, General, Economics, Microeconomics