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Wisdom of the Crowd in Experiments.

Wisdom of the Crowd in Experiments.

・ISBN 978-3-658-24293-0 paper EUR 49.99

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お気に入り
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.