Bayesian Learning and the Pricing of New Information: Evidence from Prediction Markets
利用预测市场数据，研究贝叶斯学习如何影响新信息的定价，为理解市场信息效率提供实证证据。
Bayesian Learning and the Pricing of New Information: Evidence from Prediction Markets by David S. Lee and Enrico Moretti. Published in volume 99, issue 2, pages 330-36 of American Economic Review, May 2009