J
James Dow
Researcher at London Business School
Publications - 97
Citations - 4003
James Dow is an academic researcher from London Business School. The author has contributed to research in topics: Market liquidity & Asset (economics). The author has an hindex of 26, co-authored 95 publications receiving 3810 citations. Previous affiliations of James Dow include University of California, Riverside & California State University.
Papers
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Journal ArticleDOI
Uncertainty Aversion, Risk Aversion, and the Optimal Choice of Portfolio
James Dow,S. R. Da Costa Werlang +1 more
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Stock Market Efficiency and Economic Efficiency: Is There a Connection?
James Dow,Gary Gorton +1 more
TL;DR: In this paper, the authors present a model of the stock market in which managers have discretion in making investments and must be given the right incentives; and traders may have important information that managers do not have about the value of prospective investment opportunities.
Posted Content
Noise Trading, Delegated Portfolio Management, and Economic Welfare
TL;DR: In this paper, the authors consider a model of the stock market with delegated portfolio management and show that some portfolio managers trade even though they have no reason to prefer one asset to another (noise trade).
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Nash Equilibrium under Knightian Uncertainty: Breaking Down Backward Induction
TL;DR: In this paper, the authors define Nash equilibrium for two-person normal-form games in the presence of Knightian uncertainty, and show that Nash equilibrium exists for any degree of uncertainty aversion, that maxmin behaviour can occur even when it is not rationalizable in the usual sense, and that backward induction breaks down in the twice repeated prisoners′ dilemma.
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Default, Settlement, and Signalling--Lending Resumption in a Reputational Model of Sovereign Debt
TL;DR: This paper developed a simple model of sovereign debt in which defaulting nations are excluded from capital markets and regain access by making partial repayments, which is consistent with the historical evidence that defaulting countries return to international loan markets soon after a settlement but after varying periods of exclusion.