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Information Diversity and Market Behavior
The Journal of Finance, 1982ABSTRACTThe paper addresses two major issues raised by information diversity in a speculative market. First, we analyze what property of an investor's information leads to an expected speculative profit and show that independence is more important than accuracy. Second, we consider whether the market price must become fully efficient, in the sense that
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Annual Review of Information Science and Technology, 2009
Karen E. Fisher, Heidi E. Julien
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Karen E. Fisher, Heidi E. Julien
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Information, measurability, and continuous behavior
Journal of Mathematical Economics, 2002The author consider a decision-making problem under uncertainty. The main result of this paper is to establish the continuity of the measurability constraint which arises in such problems.
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Conversation, Information, and Herd Behavior [PDF]
Experimental evidence shows that an important reason why people tend to imitate others, to exhibit "herd behavior" is that they assume that the others have information that justifies their actions. The information cascade models of Banerjee [1992] and Bikhchandani et al.
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Information theory and behavior
The European Physical Journal Special Topics, 2020The quantal response behavior widely observed in experiments and observations of human and animal behavior can be derived as expected payoff maximization subject to a constraint on the entropy of the subject’s behavior mixed strategy. The Lagrange multiplier corresponding to the entropy constraint is an agent’s “behavior temperatureˮ.
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Precautionary behavior and informed decisions in the information age
IEEE Technology and Society Magazine, 2002openaire +1 more source

