Legal term used in connection with price manipulation. It is used to assess how an average prudent investor would act if he were aware of manipulative circumstances with respect to the price. – See actor, investor, investor behavior, daimonion, decision usefulness, information overload, price manipulation, market manipulation, feedback loop, circumstances, valuation-significant. – Cf. 2004 Annual Report of BaFin, p. 189 as well as the respective Annual Report of BaFin, section „Insider Trading“ (there also relevant overviews), Cf. Monthly Report of the Deutsche Bundesbank of January 2011, p. 45 ff. (detailed, textbook presentation; overviews references).

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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/

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