عنوان

Wisdom of the crowd in experiments /

(Number (ISBN

3658242949

(Number (ISBN

9783658242947

Erroneous ISBN

3658242930

Erroneous ISBN

9783658242930

Title Proper

Wisdom of the crowd in experiments /

General Material Designation

[Book]

First Statement of Responsibility

Larissa Katharina Senninger.

Place of Publication, Distribution, etc.

Wiesbaden, Germany :

Name of Publisher, Distributor, etc.

Springer Gabler,

Date of Publication, Distribution, etc.

[2018]

Specific Material Designation and Extent of Item

1 online resource

Series Title

BestMasters

Text of Note

Intro; Table of Contents; List of Figures; List of Tables; Abstract; 1 Introduction; 2 Literature; 3 Market Experiment; 3.1 Experimental Design; 3.2 Individual Estimation; 3.3 Endowment; 3.4 Information Levels; 3.5 Treatments; 3.5.1 Call Auction Mechanism; 3.5.2 Continuous Double Auction Mechanism; 3.6 Payoff; 3.7 Questionnaire; 4 Results; 4.1 Estimations of Glass Value; 4.2 Estimations in Call Auction Markets and Continuous Double Auction Markets; 4.3 Market Mechanisms; 4.4 Trading Volume and Net Change of Assets; 4.5 Critique and Ideas for Future Research; 5 Conclusion; 6 Appendix.

0

Text of Note

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. The author Larissa Katharina Senninger holds a master's degree from the Leopold-Franzens-University in Innsbruck. She started her professional career in the risk controlling department of a German finance service in Munich and is currently responsible for interest rate risk and liquidity risk.--

Title

Wisdom of the crowd in experiments.

International Standard Book Number

9783658242930

Banks and banking.

Capital market.

Economics-- Psychological aspects.

Banks and banking.

Capital market.

Economics-- Psychological aspects.

Number

Edition

Class number

Book number

Senninger, Larissa Katharina

Date of Transaction

20200823182307.0

Cataloguing Rules (Descriptive Conventions))

pn

Electronic name

[Book]

Y