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Performance evaluation with multiple tasks and multiple measures is a favorite indoor sport, replete with coaches, clinics and Monday morning quarterbacks. Here we tweak the familiar LEN setting to exhibit a modest reluctance to feed it an ever increasing supply of measures
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In a previous paper we establish the equality between accounting numbers and information in a classical Arrow-Debreu economy. One of the conditions is complete market, that is, there exists an Arrow-Debreu security for every possible state realization. In this paper, we relax this condition and...
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