Hautsch, Nikolas; Hess, Dieter; Müller, Christoph - Center for Financial Studies - 2008
Bayesian learning provides the core concept of processing noisy information. In standard Bayesian frameworks, assessing … dis- closed. Therefore, we extend standard Bayesian learning, suggesting traders infer news’ precision from magnitudes of …
Abstract:
Bayesian learning provides the core concept of processing noisy information. In standard
Bayesian frameworks …