The market possesses prior information about the mean and variance of the value of the risky asset, as well as the crosscorrelation between the public and private information.

 
  • 在模型中,假設市場(chǎng)揭露了標的風(fēng)險資產(chǎn)真實(shí)價(jià)值事前的平均數與變異數,以及公開(kāi)與私有消息之間的共變量等消息。
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