Question
Q5. The buyer is free to quote any price he/she wishes and the quotes do not appear to follow any standard probability distributions. For example,
Q5. The buyer is free to quote any price he/she wishes and the quotes do not appear to follow any standard probability distributions. For example, the quotes can be 10000X or 0.001X of the previous quote. What should be your strategy to optimize your chances of selling the stock at the highest possible price across the three days? Using your strategy in Q5: a:, what is the probability that you would sell the stock at the maximum price possible?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
4th Edition
0256147175, 978-0256147179
