The eleven International Symposium on Financial Research Institute of the 2015 summer
Southwest University of Finance and Economics Institute of Finance (Institute of financial studies, SWUFE) invited Louis, who is a famous scholar at the University of Washington (Washington University in St. Louis) Jeongmin, assistant professor of Lee to our school for academic exchanges, during in the Financial Research Institute of the 202 room for academic lectures. Invites members of the broad masses of teachers and students in!
The lecture introduces as follows:
Subject: Strategic Trading with Higher Order Beliefs
Speaker: Jeongmin Lee professor at the University of Washington's Olin School of business
Time: July 30, 2015 (Thursday) at 1:30-3:00 PM
Location: Institute of Finance Conference Room 202 (Guanghua campus north door near the basketball court)
Organizer: Department of scientific research, Financial Research Institute
Jeongmin Lee is currently assistant professor at the University of Washington's Olin School of business. In 2014, she received her PhD in finance at the University of Maryland at Park. In 2014 she was awarded the WFA Systematic Strategies Ph.D. Candidate issued Cubist Award for Outstanding Research.
Jeongmin Lee professor of resumes and other details see: https://sites.google.com/site/jngmnl/
We study a single-period model of strategic trading with differential information as well as differences in higher order beliefs. We generalize a strategic trading model with differential information, similar to Kyle (1989) with N symmetrically informed traders, by departing from the assumption that the mean of the random asset supply is common knowledge. Similar to the competitive model of Han and Kyle (2013) we assume that traders have possibly different beliefs about the mean, different beliefs about other traders different beliefs about other 'beliefs, traders' beliefs about their own groups beliefs and so on ", up to an infinite degree of higher order beliefs. We analyze the impact of strategic trading on the price instability of The competitive model as well as the impact of differences in higher order beliefs on strategic bid shading.
Contact: ye Dan, Zhang Bohuai