Consider any investor who fears ruin facing any set of investments that satisfy no-arbitrage. Before investing, he can purchase information about the state of nature in the form of an information structure. Given his prior, information structure α is more informative than information structure β if whenever he rejects α at some price, he also rejects β at that price. We show that this complete ...

The study of text categories is essential because it impossible to talk about the object without naming and explaining its categories. description their interaction aimed at obtaining generalized whole system, i.e. as a by combining knowledge elements. article deals with observation, analysis, research classification on example newspaper weather forecast report. Basic characteristic features in...

Construction waste destroys the sustainability of environment and economy. In study game theory at present, construction resource-based products supply chain only considers that there is one type enterprise producing renewable building materials or new in market, but no single enterprise. It isvery important for government to protect promote resource utilization development waste. Therefore, th...

In this paper we present a novel method for unsupervised coreference resolution. We introduce a precision-oriented inference method that scores a candidate entity of a mention based on the most informative mention pair relation between the given mention entity pair. We introduce an informativeness score for determining the most precise relation of a mention entity pair regarding the coreference...

We compare the impact of mandatory against voluntary ownership transfer on stock price informativeness using the unique research setting provided by the Split Share Structure Reform in China. Ownership transfers from state to private entity are expected to improve corporate governance, which in turn reduce managerial incentives to withhold value-relevant information to outside investor. However...

In the seminal paper on voting games with private information, AustenSmith and Banks (1996) derived the provocative result that informative voting is not an equilibrium of the Condorcet voting model when the size of the electorate is large. We show that this result may depend on too strong an assumption about what voters know about the informativeness of other voters’ ballots. We add the possib...