A battle of informed traders and the market game foundations for rational expectations equilibrium.
James PeckPublished in: Games Econ. Behav. (2014)
Keyphrases
- equilibrium strategies
- nash equilibrium
- electronic markets
- game theory
- stock market
- bidding strategies
- double auction
- nash equilibria
- trading strategies
- incentive compatible
- games with incomplete information
- game theoretic
- pure strategy
- pricing mechanism
- market equilibrium
- electronic commerce
- trading agent competition
- fictitious play
- equilibrium point
- subgame perfect equilibrium
- resource allocation
- decision making
- market participants
- repeated games
- rational agents
- artificial intelligence
- variational inequalities
- extensive form games
- cooperative
- mixed strategy
- damage assessment
- financial data
- financial markets
- stochastic games
- game playing
- business models
- investment strategies
- solution concepts
- moral hazard
- market prices
- correlated equilibrium
- perfect information
- stock price
- online markets
- multi agent systems
- optimal pricing
- electronic marketplaces
- software agents
- incomplete information
- electricity markets
- imperfect information
- risk aversion