{"id":"W2007528657","doi":"10.1111/acfi.12030","title":"Does fair value accounting contribute to market price volatility? An experimental approach","year":2013,"lang":"en","type":"article","venue":"Accounting and Finance","topic":"Financial Markets and Investment Strategies","field":"Economics, Econometrics and Finance","cited_by":20,"is_retracted":false,"has_abstract":true,"ca_institutions":"Université Laval","funders":"","keywords":"Fair value; Volatility (finance); Accounting; Mark-to-market accounting; Economics; Financial economics; Implied volatility; Market value; Earnings; Historical cost; Financial accounting; Volatility smile; Book value; Business; Monetary economics; Accounting information system","routes":{"ca_aff":true,"ca_fund":false,"ca_venue":false,"about_ca":false,"invisible_to_affiliation_only":false},"retraction":null,"screen":null,"direct_labels":[],"prediction":{"model_version":"codex-gemma-dda1882f352a","candidate_categories":["metaepi_narrow"],"consensus_categories":[],"category_scores_codex":[0.0007774055,0.0003095842,0.0005010973,0.0001489507,0.0003977181,0.0005909114,0.0003360127,0.0001488079,0.0001812009],"category_scores_gemma":[0.0001840761,0.0002642181,0.00007420151,0.0002989331,0.0001047992,0.001937559,0.0001662192,0.0001973535,0.0001154577],"about_ca_system_candidate":false,"about_ca_system_consensus":false,"about_ca_system_score_codex":0.00006841712,"about_ca_system_score_gemma":0.00002224762,"about_ca_topic_candidate":false,"about_ca_topic_consensus":false,"about_ca_topic_score_codex":0.001168077,"about_ca_topic_score_gemma":0.000006667537,"domain_scores_codex":[0.9977921,0.00002213962,0.0006519046,0.0008303894,0.0000785549,0.0006248769],"domain_scores_gemma":[0.998994,0.00006018747,0.0003506577,0.0004347088,0.00007264992,0.00008782993],"domain_codex":null,"domain_gemma":null,"domain_candidate":null,"domain_consensus":null,"study_design_codex":"theoretical_or_conceptual","study_design_gemma":"observational","study_design_scores_codex":[0.0001328851,0.0008171563,0.3085099,0.0002201087,0.0000718717,0.000005213368,0.002709586,0.0001022402,0.001024979,0.6656061,0.01501394,0.00578599],"study_design_scores_gemma":[0.001354156,0.0005223337,0.7254401,0.0001186217,0.000011948,0.000008669201,0.001331474,0.06622022,0.0005702073,0.06156741,0.1411819,0.00167292],"study_design_candidate":"observational","study_design_consensus":null,"genre_codex":"empirical","genre_gemma":"empirical","genre_scores_codex":[0.9478608,0.001182286,0.0009885472,0.0004040634,0.0004705905,0.000574307,0.00006262563,0.00009248093,0.04836428],"genre_scores_gemma":[0.9913224,0.0001288517,0.005056834,0.0009979258,0.0002722279,0.0001926036,0.00001541589,0.00003686828,0.001976884],"genre_candidate":"empirical","genre_consensus":"empirical","teacher_disagreement_score":0.6040387,"threshold_uncertainty_score":0.999981,"prediction_status":"machine_predicted_unvalidated"},"machine_scores":{"provisional":true,"baseline":true,"maturity_gate_passed":false,"score_opus":0.01348869793136996,"score_gpt":0.2082509423389011,"score_spread":0.1947622444075311,"validation_status":"score_only:v0-immature-baseline","note":"Baseline scores from an immature model (maturity gate not passed). Scores rank; they never assert a category."}}