3 ms·
The underlying belief here seems to be that if you inhibit price discovery, prices will be lower. There is no evidence of this. Slow price discovery can just as
by jeffbee 3y ago
The underlying belief here seems to be that if you inhibit price discovery, prices will be lower. There is no evidence of this. Slow price discovery can just as easily set a too-high price. There is plenty of evidence of that.