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arXiv · 2002.09086

Common knowledge equilibrium of Boolean securities in distributed information market

Masahiko Ueda
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Abstract

We investigate common knowledge equilibrium of separable (or parity) and totally symmetric Boolean securities in distributed information market. We theoretically show that clearing price converges to the true value when a common prior probability distribution of information of each player satisfies some conditions.

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Masahiko Ueda. 2020-07-15. Common knowledge equilibrium of Boolean securities in distributed information market. https://doi.org/10.1016/j.amc.2020.125540

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