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Peer Interactions In Decision Making, Yijun Chen
Peer Interactions In Decision Making, Yijun Chen
Arts & Sciences Electronic Theses and Dissertations
The broad research topic of my dissertation is individual’s decision making in the presence of peer interactions. I focus on empirical settings where individuals are connected with others in the peer network, and through peer interactions, their decisions are interdependent. Peer network structures in terms of who is connected with whom and the mechanisms of peer interactions convey valuable information on the decision making process. I employ quantitative empirical methods to uncover the information embedded in peer networks, provide insights on the mechanisms of peer interactions, and generate peer-network based managerial implications.
Chapter 1 studies how participants collaborate to compete …
Essays On Information And Liquidity, Swaminathan Balasubramaniam
Essays On Information And Liquidity, Swaminathan Balasubramaniam
Arts & Sciences Electronic Theses and Dissertations
The 2008 financial crisis has highlighted the challenges faced by financial systems in aggregating information, ensuring coordination among various market participants and providing adequate liquidity. In this backdrop, the three chapters of the dissertation explore (i) the role of disagreement in enabling communication and trade among strategic investors (ii) how uncertainty about what others know could be exploited in preventing coordination failures (ii) pricing liquid and illiquid assets in response to unforeseen liquidity demand.
When do competing traders, endowed with different pieces of information pertaining to a security payoff, exchange information before trading? The first essay shows that competing traders …