Trading Institutions In Experimental Asset Markets
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Trading Institutions In Experimental Asset Markets
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Author : Bulent Guler
language : en
Publisher:
Release Date : 2021
Trading Institutions In Experimental Asset Markets written by Bulent Guler and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
An Experimental Study Of Bubble Formation In Asset Markets Using The T Tonnement Trading Institution
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Author : Volodymyr Lugovskyy
language : en
Publisher:
Release Date : 2011
An Experimental Study Of Bubble Formation In Asset Markets Using The T Tonnement Trading Institution written by Volodymyr Lugovskyy and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011 with Capital assets pricing model categories.
Insider Trading And Portfolio Structure In Experimental Asset Markets
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Author : Jan Pieter Krahnen
language : en
Publisher:
Release Date : 2000
Insider Trading And Portfolio Structure In Experimental Asset Markets written by Jan Pieter Krahnen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with categories.
We report results of a series of nine market experiments with asymmetric information and a fundamental value process that is more quot;realisticquot; than those in previous experiments. Both a call market institution and a continuous double auction mechanism are employed. We find considerable pricing inefficiencies that are only partially exploited by insiders. The magnitude of insider gains is analyzed experimentally. We find support for the hypothesis that the continuous double auction leads to more efficient outcomes. Finally, we present evidence of an endowment effect: the initial portfolio structure influences the final asset holdings of experimental subjects.
Momentum And Overreaction In Experimental Asset Markets
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Author : Gunduz Caginalp
language : en
Publisher:
Release Date : 2009
Momentum And Overreaction In Experimental Asset Markets written by Gunduz Caginalp and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Price volatility and investor overreactions are commonplace in experimental asset markets. Understanding the price dynamics in these markets is crucial for designing successful new trading institutions. We report on a series of experiments to test the predictions of a new momentum model using a dynamical systems approach. This model is then pitted against several standard models to predict prices, as well as against expert human forecasters. The comparative results suggest that each model has its advantages and regions of best performance. Overall, the best predictive methods are the momentum model and expert human forecasters.
The Informational Efficiency Of Experimental Asset Markets
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Author : Daniel Friedman
language : en
Publisher: London : Department of Economics, University of Western Ontario
Release Date : 1983
The Informational Efficiency Of Experimental Asset Markets written by Daniel Friedman and has been published by London : Department of Economics, University of Western Ontario this book supported file pdf, txt, epub, kindle and other format this book has been release on 1983 with Bonds categories.
Bubbles And Crashes In Experimental Asset Markets
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Author : Stefan Palan
language : en
Publisher: Springer
Release Date : 2010-02-04
Bubbles And Crashes In Experimental Asset Markets written by Stefan Palan and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-02-04 with Business & Economics categories.
This book describes a laboratory experiment designed to test the causes and properties of bubbles in financial markets and explores the question whether it is possible to design markets which avoid such bubbles and crashes. In the experiment, subjects were given the opportunity to trade in a stock market modeled after the seminal work of Smith et al. (1988). To account for the increasing importance of online betting sites, subjects were also allowed to trade in a digital option market. The outcomes shed new light on how subjects form and update their expectations, placing special emphasis on the bounded rationality of investors. Various analytical bubble measures found in the literature are collected, calculated, classified and presented for the first time. The very interesting new bubble measures "Dispersion Ratio", "Overpriced Transactions" and "Underpriced Transactions" are developed, making the book an important step towards the research goal of preventing bubbles and crashes in financial markets.
Bubbles In Experimental Asset Markets
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Author : Lucy F. Ackert
language : en
Publisher:
Release Date : 2015
Bubbles In Experimental Asset Markets written by Lucy F. Ackert and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with categories.
The robustness of bubbles and crashes in markets for finitely lived assets is perplexing. This paper reports the results of experimental asset markets in which participants trade two assets. In some markets, price bubbles form. In these markets, traders will pay even higher prices for the asset with lottery characteristics, i.e., a claim on a large, unlikely payoff. However, institutional design has a significant impact on deviations in prices from fundamental values, particularly for an asset with lottery characteristics. Price run-ups and crashes are moderated when traders finance purchases of the assets themselves and are allowed to short sell.
A Collection Of Surveys On Market Experiments
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Author : Charles Noussair
language : en
Publisher: John Wiley & Sons
Release Date : 2013-11-27
A Collection Of Surveys On Market Experiments written by Charles Noussair and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-27 with Business & Economics categories.
Comprised of 10 surveys by leading scholars, this collection showcases the largest and fastest growing strands of research on market behaviour in experimental economics. Covers topics such as asset markets, contests, environmental policy, frictions, general equilibrium, labour markets, multi-unit auctions, oligopoly markets, and prediction markets Focuses on the literature that has helped economists best understand how markets operate Assesses the impact of developments in theory, policy, and research methods
Heterogeneity Of Beliefs And Trade In Experimental Asset Markets
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Author : Tim A. Carle
language : en
Publisher:
Release Date : 2016
Heterogeneity Of Beliefs And Trade In Experimental Asset Markets written by Tim A. Carle and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Overpricing Persistence In Experimental Asset Markets With Intrinsic Uncertainty
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Author : Didier Sornette
language : en
Publisher:
Release Date : 2019
Overpricing Persistence In Experimental Asset Markets With Intrinsic Uncertainty written by Didier Sornette and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019 with categories.