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Harvard Business School7y
A Simple Model of Capital Market Equilibrium with Incomplete Information
Merton, Robert C. "A Simple Model of Capital Market Equilibrium with Incomplete Information." Journal of Finance 42, no. 3 (July 1987): 483–509.
Investopedia4d
Nash Equilibrium: How It Works in Game Theory, Examples, Plus Prisoner’s Dilemma
He is a Chartered Market Technician (CMT). Nash equilibrium is a game theory state where a change in one participant's strategy will have no effect if all others' plans remain unchanged.
Harvard Business School7y
A Dynamic General Equilibrium Model of the Asset Market and Its Application to the Pricing of the Capital Structure of the Firm
Merton, Robert C. "A Dynamic General Equilibrium Model of the Asset Market and Its Application to the Pricing of the Capital Structure of the Firm." Sloan School of Management Working Paper, No.