---
title: Financial Market Under Knightian Uncertainty About the Informed Trader
url: https://www.ml-quant.com/papers/ssrn/4534045/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4534045
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4534045
featured: 2023-08-09
citations: 0
topic: Trading, Microstructure & Execution
---


# Financial Market Under Knightian Uncertainty About the Informed Trader

A study suggests that market participants learn from equilibrium prices under uncertainty, which can lead to overreactions and volatility in asset prices.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4534045
- Identifier: SSRN 4534045
- Released: 2022-06-07
- First featured: Quant Letter No. 11 (2023-08-09): https://www.ml-quant.com/issues/2023-08-09/
- Citations (Semantic Scholar): 0
- Published in: not yet
- Topic: Trading, Microstructure & Execution

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