We develop a noisy rational expectations equilibrium model of asset prices with informed and uninformed investors. In our model, informed investors affect the asset’s dividend payoff through their investment, thus have coordination incentives. They receive heterogenous private signals about the asset’s fundamental value and observe its price. The uninformed investors observe only the price. The...

Is having prior information about your opponent’s strategy helpful? We investigate this question using an adaptive framework where agents must implement their strategies as finite automata. Some agents are informed of the strategic complexity of their opponents and condition their strategies on that information. Intuitively, one might think that such strategic information should be advantageous...

P ublic concern over the affordability of housing arises from two factors. First, housing is the single largest expenditure item in the budgets of most families and individuals. The average household devotes roughly onequarter of income to housing expenditures, while poor and near-poor households commonly devote half of their incomes to housing. These high proportions suggest that small percent...

This paper considers a zero-sum two-player asymmetric information stochastic game where only one player knows the system state, and the transition law is controlled by the informed player only. For the informed player, it has been shown that the security strategy only depends on the belief and the current stage. We provide LP formulations whose size is only linear in the size of the uninformed ...

Practitioners ask whether verbal veracity cues are (i) diagnostic across populations and resistant to countermeasures. We examined this by merging the three datasets reported Vrij, Leal et al. (2020, 2022).Participants from Lebanon (n = 187), Mexico 205) South-Korea 239) discussed a city-trip they had made (truth tellers, n 328) or up story (lie 303) about such trip. Some participants 325) were...

In this article I will explore the use of indie music within two African American independent films, Medicine for Melancholy (2008) and Pariah (2011). These films are rare examples featuring an extensive employment music, despite a huge growth in such appearing feature over past twenty years. investigate some racial contours examine how it is utilised under analysis. Both these employ to indivi...

The personal character of ethnography makes it meaningful to pay attention emotions during fieldwork, not the least which is awkwardness or embarrassment. To make a fool oneself commit faux pas in field belongs palette ethnographic experience, and often defined as helpful for obtaining new knowledge about setting. But whereas many ethnographers emphasize didactic quality shameful mistakes, this...