Cross-Asset Speculation in Stock Markets∗ - Econometrics at Illinois ...
Cross-Asset Speculation in Stock Markets∗ - Econometrics at Illinois ...
Cross-Asset Speculation in Stock Markets∗ - Econometrics at Illinois ...
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Figure 3: Trad<strong>in</strong>g <strong>in</strong>tensities for asymmetrically distributed <strong>in</strong>form<strong>at</strong>ion.Direct btrad<strong>in</strong>g <strong>in</strong>tensity100.1 0.9Trader 1's share of <strong>in</strong>form<strong>at</strong>ionΝIndirect btrad<strong>in</strong>g <strong>in</strong>tensity100.1 0.9Trader 1's share of <strong>in</strong>form<strong>at</strong>ionΝ45