2010 Fiscal Year Final Research Report
Interaction between information and expectations : implications for financial crises
| Project/Area Number |
20730125
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Single-year Grants |
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| Research Field |
Economic theory
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| Research Institution | Hokkaido University |
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Principal Investigator |
KUDOH Noritaka Hokkaido University, 大学院・経済学研究科, 准教授 (80334598)
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| Project Period (FY) |
2008 – 2010
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| Keywords | マクロ経済学 |
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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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