{"state_type":"pith_open_graph_state","state_version":"1.0","pith_number":"pith:2016:KSOYMVLRQKGA4XM7PVBHVKNDHQ","merge_version":"pith-open-graph-merge-v1","event_count":2,"valid_event_count":2,"invalid_event_count":0,"equivocation_count":0,"current":{"canonical_record":{"metadata":{"abstract_canon_sha256":"bc56be9f388ca6675e6197f407666cd8ffc9be9aa6453b775f660efae9969bda","cross_cats_sorted":[],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.TR","submitted_at":"2016-09-02T13:46:33Z","title_canon_sha256":"c00cff51e1c4e8614ca0f120f715e89d37e0effaeb81c91a5661f8840d4db349"},"schema_version":"1.0","source":{"id":"1609.00599","kind":"arxiv","version":4}},"source_aliases":[{"alias_kind":"arxiv","alias_value":"1609.00599","created_at":"2026-05-17T23:51:44Z"},{"alias_kind":"arxiv_version","alias_value":"1609.00599v4","created_at":"2026-05-17T23:51:44Z"},{"alias_kind":"doi","alias_value":"10.48550/arxiv.1609.00599","created_at":"2026-05-17T23:51:44Z"},{"alias_kind":"pith_short_12","alias_value":"KSOYMVLRQKGA","created_at":"2026-05-18T12:30:29Z"},{"alias_kind":"pith_short_16","alias_value":"KSOYMVLRQKGA4XM7","created_at":"2026-05-18T12:30:29Z"},{"alias_kind":"pith_short_8","alias_value":"KSOYMVLR","created_at":"2026-05-18T12:30:29Z"}],"graph_snapshots":[{"event_id":"sha256:2f64d2b69c47bc1159519da23d33f87a5d08fde255683160461fab0588607ef7","target":"graph","created_at":"2026-05-17T23:51:44Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"graph_snapshot":{"author_claims":{"count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57","strong_count":0},"builder_version":"pith-number-builder-2026-05-17-v1","claims":{"count":0,"items":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"formal_canon":{"evidence_count":0,"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"paper":{"abstract_excerpt":"Trading algorithms that execute large orders are susceptible to exploitation by order anticipation strategies. This paper studies the influence of order anticipation strategies in a multi-investor model of optimal execution under transient price impact. Existence and uniqueness of a Nash equilibrium is established under the assumption that trading incurs quadratic transaction costs. A closed-form representation of the Nash equilibrium is derived for exponential decay kernels. With this representation, it is shown that while order anticipation strategies raise the execution costs of a large ord","authors_text":"Elias Strehle","cross_cats":[],"headline":"","license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.TR","submitted_at":"2016-09-02T13:46:33Z","title":"Optimal Execution in a Multiplayer Model of Transient Price Impact"},"references":{"count":0,"internal_anchors":0,"resolved_work":0,"sample":[],"snapshot_sha256":"258153158e38e3291e3d48162225fcdb2d5a3ed65a07baac614ab91432fd4f57"},"source":{"id":"1609.00599","kind":"arxiv","version":4},"verdict":{"created_at":null,"id":null,"model_set":{},"one_line_summary":"","pipeline_version":null,"pith_extraction_headline":"","strongest_claim":"","weakest_assumption":""}},"verdict_id":null}}],"author_attestations":[],"timestamp_anchors":[],"storage_attestations":[],"citation_signatures":[],"replication_records":[],"corrections":[],"mirror_hints":[],"record_created":{"event_id":"sha256:4be45d75799e870ebebaa4c910e436f7652f94b71525947a98c5964fc382e116","target":"record","created_at":"2026-05-17T23:51:44Z","signer":{"key_id":"pith-v1-2026-05","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","signer_id":"pith.science","signer_type":"pith_registry"},"payload":{"attestation_state":"computed","canonical_record":{"metadata":{"abstract_canon_sha256":"bc56be9f388ca6675e6197f407666cd8ffc9be9aa6453b775f660efae9969bda","cross_cats_sorted":[],"license":"http://arxiv.org/licenses/nonexclusive-distrib/1.0/","primary_cat":"q-fin.TR","submitted_at":"2016-09-02T13:46:33Z","title_canon_sha256":"c00cff51e1c4e8614ca0f120f715e89d37e0effaeb81c91a5661f8840d4db349"},"schema_version":"1.0","source":{"id":"1609.00599","kind":"arxiv","version":4}},"canonical_sha256":"549d865571828c0e5d9f7d427aa9a33c2eb098ee84fd37bed2fba038c58fed70","receipt":{"algorithm":"ed25519","builder_version":"pith-number-builder-2026-05-17-v1","canonical_sha256":"549d865571828c0e5d9f7d427aa9a33c2eb098ee84fd37bed2fba038c58fed70","first_computed_at":"2026-05-17T23:51:44.633133Z","key_id":"pith-v1-2026-05","kind":"pith_receipt","last_reissued_at":"2026-05-17T23:51:44.633133Z","public_key_fingerprint":"8d4b5ee74e4693bcd1df2446408b0d54","receipt_version":"0.3","signature_b64":"zfJaTfaQ1SI8VTY2TCLAuh+aDTKzuwgtDZ5fvCCzN1ljYRjDsv+AruMB98VvXyfnhE9xuePqaIpkAlsDw+1ZBg==","signature_status":"signed_v1","signed_at":"2026-05-17T23:51:44.633759Z","signed_message":"canonical_sha256_bytes"},"source_id":"1609.00599","source_kind":"arxiv","source_version":4}}},"equivocations":[],"invalid_events":[],"applied_event_ids":["sha256:4be45d75799e870ebebaa4c910e436f7652f94b71525947a98c5964fc382e116","sha256:2f64d2b69c47bc1159519da23d33f87a5d08fde255683160461fab0588607ef7"],"state_sha256":"fd03f50a6464f6f7f7bf7b188510eec57e4cb32040442e39dafe86867a208222"}