Wisdom of the Crowd in Experiments
von: Larissa Katharina Senninger
Springer Gabler, 2018
ISBN: 9783658242947
Sprache: Englisch
107 Seiten, Download: 2654 KB
Format: PDF, auch als Online-Lesen
| Table of Contents | 6 | ||
| List of Figures | 7 | ||
| List of Tables | 9 | ||
| Abstract | 11 | ||
| 1 Introduction | 12 | ||
| 2 Literature | 16 | ||
| 3 Market Experiment | 29 | ||
| 3.1 Experimental Design | 29 | ||
| 3.2 Individual Estimation | 32 | ||
| 3.3 Endowment | 34 | ||
| 3.4 Information Levels | 36 | ||
| 3.5 Treatments | 39 | ||
| 3.5.1 Call Auction Mechanism | 40 | ||
| 3.5.2 Continuous Double Auction Mechanism | 41 | ||
| 3.6 Payoff | 43 | ||
| 3.7 Questionnaire | 43 | ||
| 4 Results | 44 | ||
| 4.1 Estimations of Glass Value | 44 | ||
| 4.2Estimations in Call Auction Markets and Continuous Double Auction Markets | 54 | ||
| 4.3 Market Mechanisms | 60 | ||
| 4.4 Trading Volume and Net Change of Assets | 73 | ||
| 4.5 Critique and Ideas for Future Research | 78 | ||
| 5 Conclusion | 81 | ||
| 6 Appendix | 84 | ||
| 7 References | 96 |