| Budget Amount *help |
¥1,950,000 (Direct Cost: ¥1,500,000、Indirect Cost: ¥450,000)
Fiscal Year 2010: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2009: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
Fiscal Year 2008: ¥650,000 (Direct Cost: ¥500,000、Indirect Cost: ¥150,000)
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| Research Abstract |
This project investigates the degree to which information is reflected in the stock price. In particular, it focuses on the fact that when a trader sells his or her stocks, he or she tries to learn or expect about other traders' expectations about the value of the stock. This research project found that volatility of the stock price can either increase or decrease with the amount of information in the market.
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