文章将把这两方面因素结合起来考虑，把信息不对称引入模型，对做市商市场的证券价格形成机制进行了均衡分析。
The paper combines these factors and introduces information asymmetry into the model to analyze the security price formation mechanism using Game Theory under market maker environment.
股市信息噪声是指在信息不对称情况下，导致股票均衡价格与其内在价值偏离的非理性信息。
The securities noise is not a rational information which makes the equilibrium price of stock drift off its internal price under the environment of information unsymmetry.
统计信息是大量存在的，有用的，但又具有不完全性、不均衡性和不对称性。
Statistical information exists in real economic activities and is useful, but it is imperfect, unbalanced and dissymmetric.
证券交易的执行成本是信息不对称和市场供需不均衡时投资者买卖证券的风险补偿，是资产定价和市场微观结构的重要研究课题。
This paper builds on and extends existing literature on execution cost and expected return in quote - driven stock markets where market makers play a leading role in determining bid - ask spreads.
比如支配思想、落后的感应、纳什均衡、进化稳定性、承诺，信誉，信息不对称，逆向选择等。
Dominated thinking for example, backward induction, Nash equilibrium, evolutionary stability, commitment, credibility, asymmetric information, adverse selection and so on.
比如支配思想、落后的感应、纳什均衡、进化稳定性、承诺，信誉，信息不对称，逆向选择等。
Dominated thinking for example, backward induction, Nash equilibrium, evolutionary stability, commitment, credibility, asymmetric information, adverse selection and so on.
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