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    2008
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    Adapting to a Market Shock: Optimal Sequential Market-Making
    14 years 2 months ago
    Adapting to a Market Shock: Optimal Sequential Market-Making
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    We study the profit-maximization problem of a monopolistic market-maker who sets two-sided prices in an asset market. The sequential decision problem is hard to solve because the ...
    Sanmay Das, Malik Magdon-Ismail
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