This article presents a mathematical model of forecasting of the stop-price on the securities auction, where an eminent places an issue among investors. The distribution function of the stop-price is the asymptotically normal function. It is proved with the help of two theorems that are represented in this article. Besides, it is represented formulas for the mean and the variance of the stop-price in two cases. The first case is when all auction participants are the same, and the second case, when auction participants are divided into two groups (large and small investors).

Date Published: 1 January 1998
PDF: 8 pages
Proc. SPIE 3345, International Workshop on New Approaches to High-Tech Materials: Nondestructive Testing and Computer Simulations in Materials Science and Engineering, (1 January 1998); doi: 10.1117/12.299616

Published in SPIE Proceedings Vol. 3345:
International Workshop on New Approaches to High-Tech Materials: Nondestructive Testing and Computer Simulations in Materials Science and Engineering
Alexander I. Melker, Editor(s)