{"id":"https://openalex.org/W2008551257","doi":"https://doi.org/10.1109/isit.2005.1523522","title":"A statistic for measuring the influence of side information in investment","display_name":"A statistic for measuring the influence of side information in investment","publication_year":2005,"publication_date":"2005-01-01","ids":{"openalex":"https://openalex.org/W2008551257","doi":"https://doi.org/10.1109/isit.2005.1523522","mag":"2008551257"},"language":"en","primary_location":{"id":"doi:10.1109/isit.2005.1523522","is_oa":false,"landing_page_url":"https://doi.org/10.1109/isit.2005.1523522","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings. International Symposium on Information Theory, 2005. ISIT 2005.","raw_type":"proceedings-article"},"type":"conference-paper","indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5029440312","display_name":"Chester A. Mathis","orcid":"https://orcid.org/0000-0001-9811-0950"},"institutions":[{"id":"https://openalex.org/I97018004","display_name":"Stanford University","ror":"https://ror.org/00f54p054","country_code":"US","type":"education","lineage":["https://openalex.org/I97018004"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"C. Mathis","raw_affiliation_strings":["Electrical Engineering and Statistics Departments, University of Stanford, Stanford, CA, USA","Dept. of Electr. Eng. & Stat., Stanford Univ., CA#TAB#"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Electrical Engineering and Statistics Departments, University of Stanford, Stanford, CA, USA","institution_ids":["https://openalex.org/I97018004"]},{"raw_affiliation_string":"Dept. of Electr. Eng. & Stat., Stanford Univ., CA#TAB#","institution_ids":["https://openalex.org/I97018004"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5055073921","display_name":"Thomas M. Cover","orcid":null},"institutions":[{"id":"https://openalex.org/I97018004","display_name":"Stanford University","ror":"https://ror.org/00f54p054","country_code":"US","type":"education","lineage":["https://openalex.org/I97018004"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"T.M. Cover","raw_affiliation_strings":["Electrical Engineering and Statistics Departments, University of Stanford, Stanford, CA, USA","Dept. of Electr. Eng. & Stat., Stanford Univ., CA#TAB#"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Electrical Engineering and Statistics Departments, University of Stanford, Stanford, CA, USA","institution_ids":["https://openalex.org/I97018004"]},{"raw_affiliation_string":"Dept. of Electr. Eng. & Stat., Stanford Univ., CA#TAB#","institution_ids":["https://openalex.org/I97018004"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I97018004"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":1,"citation_normalized_percentile":{"value":0.1292732,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":93},"biblio":{"volume":null,"issue":null,"first_page":"1156","last_page":"1157"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11270","display_name":"Complex Systems and Time Series Analysis","score":0.9997000098228455,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.9968000054359436,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9955000281333923,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/hindsight-bias","display_name":"Hindsight bias","score":0.5667691826820374},{"id":"https://openalex.org/keywords/mathematics","display_name":"Mathematics","score":0.5569700598716736},{"id":"https://openalex.org/keywords/econometrics","display_name":"Econometrics","score":0.504859983921051},{"id":"https://openalex.org/keywords/portfolio","display_name":"Portfolio","score":0.46919843554496765},{"id":"https://openalex.org/keywords/stock-market","display_name":"Stock market","score":0.45501649379730225},{"id":"https://openalex.org/keywords/random-variable","display_name":"Random variable","score":0.452023983001709},{"id":"https://openalex.org/keywords/statistic","display_name":"Statistic","score":0.4331092834472656},{"id":"https://openalex.org/keywords/logarithm","display_name":"Logarithm","score":0.428444504737854},{"id":"https://openalex.org/keywords/statistics","display_name":"Statistics","score":0.4204806089401245},{"id":"https://openalex.org/keywords/sequence","display_name":"Sequence (biology)","score":0.41778963804244995},{"id":"https://openalex.org/keywords/stock","display_name":"Stock (firearms)","score":0.4132341146469116},{"id":"https://openalex.org/keywords/economics","display_name":"Economics","score":0.32927462458610535},{"id":"https://openalex.org/keywords/financial-economics","display_name":"Financial economics","score":0.2254934012889862}],"concepts":[{"id":"https://openalex.org/C10347200","wikidata":"https://www.wikidata.org/wiki/Q1960297","display_name":"Hindsight bias","level":2,"score":0.5667691826820374},{"id":"https://openalex.org/C33923547","wikidata":"https://www.wikidata.org/wiki/Q395","display_name":"Mathematics","level":0,"score":0.5569700598716736},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.504859983921051},{"id":"https://openalex.org/C2780821815","wikidata":"https://www.wikidata.org/wiki/Q5340806","display_name":"Portfolio","level":2,"score":0.46919843554496765},{"id":"https://openalex.org/C2780299701","wikidata":"https://www.wikidata.org/wiki/Q475000","display_name":"Stock market","level":3,"score":0.45501649379730225},{"id":"https://openalex.org/C122123141","wikidata":"https://www.wikidata.org/wiki/Q176623","display_name":"Random variable","level":2,"score":0.452023983001709},{"id":"https://openalex.org/C89128539","wikidata":"https://www.wikidata.org/wiki/Q1949963","display_name":"Statistic","level":2,"score":0.4331092834472656},{"id":"https://openalex.org/C39927690","wikidata":"https://www.wikidata.org/wiki/Q11197","display_name":"Logarithm","level":2,"score":0.428444504737854},{"id":"https://openalex.org/C105795698","wikidata":"https://www.wikidata.org/wiki/Q12483","display_name":"Statistics","level":1,"score":0.4204806089401245},{"id":"https://openalex.org/C2778112365","wikidata":"https://www.wikidata.org/wiki/Q3511065","display_name":"Sequence (biology)","level":2,"score":0.41778963804244995},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.4132341146469116},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.32927462458610535},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.2254934012889862},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0},{"id":"https://openalex.org/C180747234","wikidata":"https://www.wikidata.org/wiki/Q23373","display_name":"Cognitive psychology","level":1,"score":0.0},{"id":"https://openalex.org/C134306372","wikidata":"https://www.wikidata.org/wiki/Q7754","display_name":"Mathematical analysis","level":1,"score":0.0},{"id":"https://openalex.org/C151730666","wikidata":"https://www.wikidata.org/wiki/Q7205","display_name":"Paleontology","level":1,"score":0.0},{"id":"https://openalex.org/C54355233","wikidata":"https://www.wikidata.org/wiki/Q7162","display_name":"Genetics","level":1,"score":0.0},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0},{"id":"https://openalex.org/C2780762169","wikidata":"https://www.wikidata.org/wiki/Q5905368","display_name":"Horse","level":2,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1109/isit.2005.1523522","is_oa":false,"landing_page_url":"https://doi.org/10.1109/isit.2005.1523522","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings. International Symposium on Information Theory, 2005. ISIT 2005.","raw_type":"proceedings-article"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.366.5709","is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.366.5709","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www-isl.stanford.edu/~cover/papers/2005astatistic.pdf","raw_type":"text"},{"id":"pmh:oai:CiteSeerX.psu:10.1.1.645.6358","is_oa":false,"landing_page_url":"http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.645.6358","pdf_url":null,"source":null,"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"http://www-isl.stanford.edu/~cover/papers/mathis.pdf","raw_type":"text"}],"best_oa_location":null,"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.47999998927116394}],"awards":[],"funders":[{"id":"https://openalex.org/F4320306076","display_name":"National Science Foundation","ror":"https://ror.org/021nxhr62"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":3,"referenced_works":["https://openalex.org/W2015501977","https://openalex.org/W2120499560","https://openalex.org/W4237883889"],"related_works":["https://openalex.org/W3197854638","https://openalex.org/W3140454661","https://openalex.org/W4245029315","https://openalex.org/W2139970489","https://openalex.org/W1492315459","https://openalex.org/W1512434910","https://openalex.org/W2540910169","https://openalex.org/W3148904318","https://openalex.org/W2022803902","https://openalex.org/W2105474389"],"abstract_inverted_index":{"Side":[0],"information":[1,20,77,86,104,123,151,179,186],"can":[2,187],"increase":[3],"the":[4,18,36,40,48,54,58,66,72,75,96,102,107,111,114,145,155,169,174,177,182,191,201,205],"growth":[5],"rate":[6],"of":[7,68,74,99,101,113,116,140,147,149,157,168,176,184,204],"wealth":[8,37,55,118,192],"in":[9,45,63],"stock":[10,50,108,171],"market":[11,51],"investment.":[12],"The":[13],"question":[14],"is:":[15],"when":[16,23,190],"is":[17,24,124,144,154,166],"side":[19,76,85,103,122,150,178,185],"useful":[21],"and":[22,120,152],"it":[25],"illusory?":[26],"We":[27,34,93],"propose":[28],"a":[29,129,195],"statistic":[30,160],"to":[31,53],"test":[32],"this.":[33],"compare":[35],"achieved":[38],"by":[39,71,200],"best":[41,59],"constant":[42,60],"rebalanced":[43,61],"portfolio":[44,62],"hindsight":[46,64,89],"on":[47,65],"entire":[49],"sequence":[52,105,172],"resulting":[56],"from":[57,84,106],"subsequences":[67],"stocks":[69],"identified":[70],"states":[73,148],"sequence.":[78,180],"If":[79],"one":[80,90],"can't":[81],"make":[82],"money":[83],"given":[87,199],"perfect":[88],"never":[91],"can.":[92],"prove,":[94],"under":[95],"null":[97],"hypothesis":[98],"independence":[100],"sequence,":[109],"that":[110,165],"logarithm":[112],"ratio":[115,193],"optimal":[117],"with":[119,133],"without":[121],"asymptotically":[125],"distributed":[126],"as":[127],"half":[128],"chi-squared":[130,206],"random":[131],"variable":[132],"(d":[134],"-":[135,137],"1)(m":[136],"1)":[138],"degrees":[139],"freedom,":[141],"where":[142],"d":[143],"number":[146,156],"m":[153],"stocks.":[158],"This":[159],"has":[161],"an":[162],"asymptotic":[163],"distribution":[164,175,207],"independent":[167],"particular":[170],"or":[173],"Thus":[181],"use":[183],"be":[188],"accepted":[189],"exceeds":[194],"certain":[196],"fixed":[197],"level":[198],"appropriate":[202],"quantile":[203]},"counts_by_year":[{"year":2021,"cited_by_count":1}],"updated_date":"2026-08-26T07:47:46.906454","created_date":"2025-10-10T00:00:00"}
