Wisdom of the Crowd in Experiments
ISBN:
978-3-658-24293-0
Auflage:
1st ed. 2018
Verlag:
Springer Fachmedien Wiesbaden GmbH
Land des Verlags:
Deutschland
Erscheinungsdatum:
14.11.2018
Reihe:
BestMasters
Format:
Softcover
Seitenanzahl:
100
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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.
Schlagwörter
Biografische Anmerkung
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.
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Erscheinungsjahr:
2023
