Study of Signal Distortions on Behavior of Internal Traders

Tong Chang; Li Ming Gong

doi:10.4028/www.scientific.net/AMM.340.876

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HomeApplied Mechanics and MaterialsApplied Mechanics and Materials Vol. 340Study of Signal Distortions on Behavior of...

Study of Signal Distortions on Behavior of Internal Traders

Abstract:

In this paper was based on Kyle (1985) model, considering the conduction problem of the value of internal information, and established a single term insider trading by trading model to consider the case of signal distortions for the true value of the risky assets. And studied the effect of internal information has on the nature of internal trading strategies and market under a more general assumption condition. And compare the conclusion with Kyle (1985) model.

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Periodical:

Applied Mechanics and Materials (Volume 340)

Pages:

876-880

DOI:

https://doi.org/10.4028/www.scientific.net/AMM.340.876

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Online since:

July 2013

Authors:

Tong Chang, Li Ming Gong

Keywords:

Insider Trading, Kyle Model, Rational Expectations Equilibrium of the Value Signal Noise

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References

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