Description: Wisdom of the Crowd in Experiments Please note: this item is printed on demand and will take extra time before it can be dispatched to you (up to 20 working days). Author(s): Larissa Katharina Senninger Format: Paperback Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, Germany Imprint: Springer Gabler ISBN-13: 9783658242930, 978-3658242930 Synopsis 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.
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Location: Aldershot
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Book Title: Wisdom of the Crowd in Experiments
Number of Pages: 100 Pages
Language: English
Publication Name: Wisdom of the Crowd in Experiments
Publisher: Springer-Verlag Berlin AND Heidelberg Gmbh & Co. KG
Publication Year: 2018
Subject: Economics, Finance
Item Height: 210 mm
Item Weight: 159 g
Type: Textbook
Author: Larissa Katharina Senninger
Series: Bestmasters
Item Width: 148 mm
Format: Paperback
