Nakamura~(2026
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The Privacy Subsidy in Continuous-Time Kyle: Cumulative Welfare under Noise-Perturbed Order-Flow Observation
Announce Type: replace Abstract: We extend the closed-form privacy-subsidy result of Nakamura~(2026, arXiv:2605.15746) from the single-period Kyle model to continuous-time. A committed Bayesian automated market maker observes the aggregate order flow perturbed by an independent Brownian privacy channel of diffusion intensity $\sigma_\varepsilon$. Under the Markovian linear equilibrium, the price-impact coefficient is $\lambda = \sigma_v / \sqrt{\sigma_u^2 + \sigma_\varepsilon^2}$ -- constant...
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NEW DELHI: It has been a week of double delight for Indian Grandmaster Nihal Sarin. First, his qualification for the Esports Chess World Cup became official. Shortly after, the 21-year-old became the first Indian to secure a direct qualification invite for the main event of the inaugural edition of Esports Nations Cup (ENC) 2026.
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BOJ set to raise key rate to 1.0% in June, 1.25% by year-end: Reuters poll
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ViKing of Norway: Pragg wins crown that eluded even Vishy
Vishy Anand has been there and done that. The first Indian chessman to build an incredible résumé with his global achievements, he saw D Gukesh (Candidates and World title), Arjun Erigaisi (breaking into the Elo 2800 club) and K Humpy (World Rapid crown) follow in his footsteps. But late on Friday in Oslo, R Praggnanandhaa scaled a peak that even Anand could not conquer in his several forays at Norway Chess.