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异质信息条件下的博弈均衡

Keywords: 异质信息,博弈模型,均衡定价

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Abstract:

为考察异质私有信息条件下的交易行为和均衡定价,运用理性预期思想建立了信息性交易者的2期策略性博弈模型,证明满足一定条件时市场中存在线性均衡,并给出均衡定价和交易策略的解析形式,通过数值仿真方法求出1组均衡解,得出内幕交易者会逐步利用自己的信息以期获得最大化收益的结论.

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