Information and Capital Markets Author:Norman Strong, Martin Walker The existence of imperfect information is often given relatively little attention by students of finance theory, but, at the same time, the interaction between information and capital markets is of interest to students of the economics of information. This book brings together the previously disparate literature on this subject and aims to offer... more » an analysis to satisfy the requirements of both groups. Its central theme is to explain the importance of information economics insofar as it affects the conventional wisdom of neoclassical finance theory. A secondary theme is the empirical testability of new theories and an evaluation of the body of research observed from movements in security prices and trading volumes. The book's main emphasis is on the central concepts and ideas emerging from the literature; mathematical rigour is sacrificed whenever the authors feel it would act as a barrier to comprehension and understanding.« less