Title :
Knightain uncertainty and grey pricing in the stock market
Author :
Xu Yuan-dong ; Liu Si-feng
Author_Institution :
Nanjing Univ. of Aeronaut. & Astronaut., Nanjing
Abstract :
This paper studys the causation of grey pricing in the stock market under knightain uncertainty, and indicates that only when the investor shows uncertainty-averse , grey pricing could exisit. It can explain the two theories of anomaly mechanism under knightain uncertainty and under grey system respectively are consistent from mathematics structure .
Keywords :
grey systems; investment; pricing; stock markets; Knightain uncertainty-averse investor; grey pricing; grey system; stock market; Cognition; Finance; Helium; Intelligent systems; Logic; Mathematics; Pricing; Probability distribution; Stock markets; Uncertainty;
Conference_Titel :
Grey Systems and Intelligent Services, 2007. GSIS 2007. IEEE International Conference on
Conference_Location :
Nanjing
Print_ISBN :
978-1-4244-1294-5
Electronic_ISBN :
978-1-4244-1294-5
DOI :
10.1109/GSIS.2007.4443540
