Now showing items 1-2 of 2

  • Ambiguity in financial markets: herding and contrarian behaviour 

    Ford, J.L.; Kelsey, David; Pang, Wei (Department of Economics, University of Birmingham, 2006-11)
    The paper studies the impact of ambiguity on history-dependant beahviour in the standard microstructure model of financial markets. We show that differences in ambiguity attitudes between market makers and traders can ...
  • Information and ambiguity: herd and contrarian behaviour in financial markets 

    Ford, J.L.; Kelsey, David; Pang, Wei (Springer, 2012)
    The paper studies the impact of informational ambiguity on behalf of informed traders on history-dependent price behaviour in a model of sequential trading in nancial markets. Following Chateauneuf, Eichberger and Grant ...