منابع مشابه
Author's Personal Copy Fuzzy Logic, Trading Uncertainty and Technical Trading
From the market microstructure perspective, technical analysis can be profitable when informed traders make systematic mistakes or when uninformed traders have predictable impacts on price. However, chartists face a considerable degree of trading uncertainty because technical indicators such as moving averages are essentially imperfect filters with a nonzero phase shift. Consequently, technical...
متن کاملAuthor ' s personal copy Stock trading , information production , and executive incentives
Article history: Received 27 October 2007 Received in revised form 18 June 2008 Accepted 18 June 2008 Available online 26 June 2008 This paper investigates the effect of stock market microstructure on managerial compensation schemes. We propose and empirically demonstrate that the sensitivity of chief executive officer's (CEO's) compensations to changes in stockholders' value is higher when the...
متن کاملDo Not Copy Do Not Copy Do Not Copy Do Not Copy Do Not Copy Do Not Copy Do Not Copy Do Not Copy Do Not Copy
Design a clocked synchronous state machine with four inputs, G1–G4, that are connected to pushbuttons. The machine has four outputs, L1–L4, connected to lamps or LEDs located near the like-numbered pushbuttons. There is also an ERR output connected to a red lamp. In normal operation, the L1–L4 outputs display a 1-out-of-4 pattern. At each clock tick, the pattern is rotated by one position; the ...
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ژورنال
عنوان ژورنال: Management Science
سال: 2020
ISSN: 0025-1909,1526-5501
DOI: 10.1287/mnsc.2019.3508