2 papers
q-fin.MF2024
Optimal information acquisition for eliminating estimation risk
Zongxia Liang, Qi Ye
This paper diverges from previous literature by considering the utility maximization problem in the context of investors having the freedom to actively acquire additional informati…
q-fin.MF2024
Despite Absolute Information Advantages, All Investors Incur Welfare Loss
Zongxia Liang, Qi Ye
This paper delves into financial markets that incorporate a novel form of heterogeneity among investors, specifically in terms of their beliefs regarding the reliability of signals…