Overweighting of public information in financial markets: A lesson from the lab
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Banking and Finance"
DOI: 10.1016/j.jbankfin.2021.106298
Abstract: We experimentally study the information aggregation process in a laboratory financial market when a public signal is released. The public disclosure crowds out information demand and reduces price informativeness. The latter effect is primarily caused… read more here.
Keywords: information financial; financial markets; markets lesson; public information ... See more keywords