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Beschreibung
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.
Details
| Verlag | Springer Fachmedien Wiesbaden GmbH |
| Ersterscheinung | 14. November 2018 |
| Maße | 21 cm x 14.8 cm |
| Gewicht | 157 Gramm |
| Format | Softcover |
| ISBN-13 | 9783658242930 |
| Auflage | 1st ed. 2018 |
| Seiten | 100 |
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