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SUMMARY:Measuring the amount and value of the representative agent's priva
 te information
DTSTART:20210525T160000
DTEND:20210525T173000
DTSTAMP:20260513T011514Z
UID:f29e8017c827c082b36d73a908055cccbb9a952ba9a749044b7432ec
CATEGORIES:Conferences - Seminars
DESCRIPTION:Philip BOND\, Uni. of Washington\nI construct a measure of the
  average amount of private information possessed by investors\, i.e.\, th
 e private information of the representative agent.  The measure can be es
 timated using aggregate data only. The key inputs are the outputs of predi
 ctability regressions.  I use the measure to assess how much private info
 rmation is impounded into prices.  Separately\, I derive the value of the
  representative agent's information\, i.e.\, the difference in the expecte
 d return experienced by the representative agent and an uninformed invest
 or. \n\nNew paper. Not yet available.
LOCATION:Zoom
STATUS:CONFIRMED
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