منابع مشابه
The Social Value of Financial Expertise The Social Value of Financial Expertise
I study expertise acquisition in a model of trading under asymmetric information. I propose and implement a method to measure r, the ratio of the marginal social value to the marginal private value of expertise. This can be decomposed into three sufficient statistics: traders’ average profits, the fraction of bad assets among traded assets and the elasticity of good assets traded with respect t...
متن کاملThe Social Value of Financial Expertise
I study a model of trading under asymmetric information where traders can acquire expertise to become better informed. Within the context of this model, I propose and implement a method to estimate the ratio of the marginal social value to the marginal private value of expertise. More expert traders get rents because they can choose which assets to trade and they add social value because by cha...
متن کاملconditional copula-garch methods for value at risk of portfolio: the case of tehran stock exchange market
ارزش در معرض ریسک یکی از مهمترین معیارهای اندازه گیری ریسک در بنگاه های اقتصادی می باشد. برآورد دقیق ارزش در معرض ریسک موضوع بسیارمهمی می باشد و انحراف از آن می تواند موجب ورشکستگی و یا عدم تخصیص بهینه منابع یک بنگاه گردد. هدف اصلی این مطالعه بررسی کارایی روش copula-garch شرطی در برآورد ارزش در معرض ریسک پرتفویی متشکل از دو سهام می باشد و ارزش در معرض ریسک بدست آمده با روشهای سنتی برآورد ارزش د...
Value judgments and economics expertise
This paper tackles the problem of the demarcation of value judgments in economic expertise. Is it possible to disentangle values from facts, or neutral scientific assertions from value-laden judgments, in the context of economic expertise? If not, why not? And if it is, under what conditions? First, drawing on concepts from analytic philosophy, the paper highlights the interdependencies between...
متن کاملAccommodating the Interactional Dynamics of Conflict Management
In this paper, we discuss the ways that communication accommodation theory (CAT) can be a useful framework for understanding and diagnosing interactional issues in interpersonal and intergroup conflict situations. We argue that the theory’s construct of attuning strategies provides a multidimensional view of mutual adjustment, leading to insights relevant to successful versus unsuccessful confl...
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ژورنال
عنوان ژورنال: Journal of Integrative Research & Reflection
سال: 2020
ISSN: 2561-8024
DOI: 10.15353/jirr.v1.1876