Comments on: Money and Zero-Sum games http://www.thechiao.com/wordpress/2007/02/12/money-and-zero-sum-games/ Here writes Chiao Tue, 27 Apr 2010 22:50:16 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: chiaolun http://www.thechiao.com/wordpress/2007/02/12/money-and-zero-sum-games/comment-page-1/#comment-119 chiaolun Wed, 21 Feb 2007 01:12:40 +0000 http://zeno.unixboxen.net/wordpress/2007/02/12/money-and-zero-sum-games/#comment-119 Rephrasing: I am asking why two people would arrive at a different price for the same stock. I see two types of of reasons - subjective ignorance or intrinsic preference differences due to, for example, differences in risk appetite. Rephrasing:

I am asking why two people would arrive at a different price for the same stock. I see two types of of reasons – subjective ignorance or intrinsic preference differences due to, for example, differences in risk appetite.

]]> By: Mark http://www.thechiao.com/wordpress/2007/02/12/money-and-zero-sum-games/comment-page-1/#comment-118 Mark Tue, 20 Feb 2007 04:11:47 +0000 http://zeno.unixboxen.net/wordpress/2007/02/12/money-and-zero-sum-games/#comment-118 When buying & selling stocks, aren't you making a prediction about how much the stock is going to be worth in the FUTURE? Maybe I'm not getting your point. When buying & selling stocks, aren’t you making a prediction about how much the stock is going to be worth in the FUTURE? Maybe I’m not getting your point.

]]> By: wakaba http://www.thechiao.com/wordpress/2007/02/12/money-and-zero-sum-games/comment-page-1/#comment-117 wakaba Tue, 20 Feb 2007 04:10:40 +0000 http://zeno.unixboxen.net/wordpress/2007/02/12/money-and-zero-sum-games/#comment-117 Huh. Can't we say stock trades take place because of exogenous price changes? fundamentals change => prices change => investors preference orderings change => trade takes place. Huh. Can’t we say stock trades take place because of exogenous price changes?
fundamentals change => prices change => investors preference orderings change => trade takes place.

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