Learning about analysts
(2019)
Journal Article
Rüdiger, J., & Vigier, A. (2019). Learning about analysts. Journal of Economic Theory, 180, 304-335. https://doi.org/10.1016/j.jet.2019.01.001
We examine an analyst with career concerns making cheap talk recommendations to a sequence of traders, each of whom possesses private information concerning the analyst's ability. The recommendations of the analyst influence asset prices that are the... Read More about Learning about analysts.