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arxiv: 2605.15746 · 2 revisions

The Privacy Subsidy: Kyle's $\lambda$ under Noise-Perturbed Order-Flow Observation

1. 2026-05-20 UNVERDICTED LOW v0.9.0 novelty 7.0
   116118 ms 5702 in 1546 out 2026-05-20T16:39:47.573013+00:00
2. 2026-05-19 UNVERDICTED LOW v0.9.0 novelty 7.0
   47342 ms 5702 in 1317 out 2026-05-19T18:57:29.309275+00:00