Who knows what when? The information content of pre-IPO market prices

Comparing Market and Supervisory Assessments of Bank Performance: Who Knows What When?

This paper compares the timeliness and accuracy of (confidential) government assessments of bank condition against market evaluations of large U.S. bank holding companies. We find that supervisors and bond rating agencies both acquire some information that would help the other group forecast changes in bank condition. In contrast, supervisory assessments and equity market indicators are not str...

Who, What, and When:

Instant Messaging, or IM, has been growing in popularity for personal and work-related communication. The limited awareness provided by current IM systems combined with the asynchronous nature of IM result in messages often arriving at inconvenient or disruptive times. The goal of my research is to alleviate some of the shortcomings of IM through the understanding and modeling of IM interaction...

IPO Waves and Stock Prices

This paper explores why IPO volume changes over time and how it relates to stock prices. We develop a model of optimal IPO timing in which IPO volume °uctuates due to time variation in market conditions. IPO waves in our model are caused by declines in expected market return, increases in expected aggregate pro ̄tability, or increases in prior uncertainty about the average future pro ̄tability of...

Learning Who Knows What: Children Adjust Their Inquiry to Gather Information from Others

The current research focuses on how children's inquiry may be affected by how they learn about which sources are likely to provide accurate, helpful information. Four- and 5-year-olds (N = 188) were tasked with asking two different puppet informants - one knowledgeable and one not knowledgeable - questions to determine which of four pictures was inside of a set of boxes. Before beginning the ta...

ACGME core competencies: Who knows what and does it matter?