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Better-informed traders may have superior information about impending fundamentals or just superior forecasting skills.
"In a classical theory framework, market makers who provide liquidity to a market with informed and uninformed investors do not possess superior information.
The paper examines two informational environments: in the first, the seller has superior information about the value of her assets (private information setting) and in the second, the parties differ in their estimates on the value but are unable to overcome their difference (non-convergent priors setting).
Superior information.
Their effort collapses when their opponents possess superior information.
They survive only if they have superior information, which they derive from broad popular support.
Decisiveness, superior information, and credentials are less important than wisdom, integrity, collegiality.
Decentralized control, on the other hand, delegates authority to a manager with superior information.
Since the batter has superior information, he can always counter whatever strategy the defense chooses.
You might think that volatility would allow people with superior information and market sense to get ahead.
First, the venture capitalist may have superior information with respect to some subset of employee innovations.
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