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Wisdom of the Crowd in Experiments.
・ISBN 978-3-658-24293-0 paper EUR 49.99
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| 著者・編者 | Senninger, Larissa Katharina, |
|---|---|
| シリーズ | BestMasters |
| 出版社 | (Springer Gabler, GW) |
| 出版年月 | 2018 |
| ページ数 | 100 pp. |
| 言語 | ENG |
| ニュース番号 | <649-L436 649-L610> |
解説
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.