[PiP]
-Prompted by a shared article by Taichiseal, led to recalling the theory of conjoint measurements
-Supposed to show an application of conjoint measurements to risk arb, on conditional events; used in handicapping trades in the specific case of the Spore casino/integrated resorts tender bidding in 2006:
positive example – the Marina Bay IR bid involving Las Vegas Sands, Capitaland/MGM, Keppel Land/Harrah’s CityDev/Sun;
not so positive trade – the following Sentosa IR bid
Conjoint Measurement Part I: Risk Arbitrage
November 10, 2009 by dustysojourner
[...] Like an auction-based signaling process, similar to the theory of Conjoint Measurement applied to event arbitrage outlined here: http://dustysojourner.wordpress.com/2009/11/10/conjoint-measurement-part-i-risk-arbitrage/ [...]