Information Aggregation Under Ambiguity: Theory and Experimental Evidence
(2024)
Journal Article
Galanis, S., Ioannou, C. A., & Kotronis, S. (2024). Information Aggregation Under Ambiguity: Theory and Experimental Evidence. The Review of Economic Studies, https://doi.org/10.1093/restud/rdae009
We study information aggregation in a dynamic trading model. We show theoretically that separable securities, introduced by Ostrovsky in the context of Expected Utility, no longer aggregate information if some traders have imprecise beliefs and are a... Read More about Information Aggregation Under Ambiguity: Theory and Experimental Evidence.