Now showing items 1-1 of 1

  • 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 ...