Wisdom of the Crowd in Experiments

Paperback Engels 2018 9783658242930
Verwachte levertijd ongeveer 9 werkdagen

Samenvatting

Larissa Katharina Senninger analyses the phenomenon of wisdom of the crowd in experimental capital markets. Aiming to find out which market mechanism is able to aggregate different information in a meaningful way, a continuous double auction and a call auction mechanism are tested. In line with expectations, markets with continuous double auction mechanism are better able to aggregate information and additionally take a shorter time. The author shows that receiving more information enables subjects to make better estimations, whereas more information improves the quality of estimations significantly only if it is a lot more information.

Specificaties

ISBN13:9783658242930
Taal:Engels
Bindwijze:paperback
Uitgever:Springer Fachmedien Wiesbaden

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Inhoudsopgave

<div>Wisdom of the Crowd.-&nbsp;Market Experiments.-&nbsp;Information Aggregation.-&nbsp;Experimental Capital Markets.-&nbsp;Trading Mechanisms.-&nbsp;Estimation of Asset Value.-&nbsp;Call Auction Mechanism.-&nbsp;Continuous Double Auction Mechanism.</div>

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        Wisdom of the Crowd in Experiments