英文标题：
《Elementary Microeconomics of the Talmudic Rule》
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作者：
Anton Salikhmetov
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最新提交年份：
2018
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英文摘要：
This paper takes a look at the Talmudic rule aka the 1/N rule aka the uniform investment strategy from the viewpoint of elementary microeconomics. Specifically, we derive the cardinal utility function for a Talmud-obeying agent which happens to have the Cobb-Douglas form. Further, we investigate individual supply and demand due to rebalancing and compare them to market depth of an exchange. Finally, we discuss how operating as a liquidity provider can benefit the Talmud-obeying agent with every exchange transaction in terms of the identified utility function.
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中文摘要：
本文从基本微观经济学的角度研究了塔木德规则，即1／N规则，即统一投资策略。具体地说，我们推导了服从塔木德的主体的基数效用函数，该主体恰好具有柯布-道格拉斯形式。此外，我们还调查了重新平衡后的个人供求情况，并将其与交易所的市场深度进行了比较。最后，我们讨论了作为流动性提供者的运营如何使遵守塔木德法案的代理人在每次交易所交易中从确定的效用函数中受益。
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分类信息：

一级分类：Quantitative Finance 数量金融学
二级分类：General Finance 一般财务
分类描述：Development of general quantitative methodologies with applications in finance
通用定量方法的发展及其在金融中的应用
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