منابع مشابه
Asset Valuation in an Experimental Market
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To what extent is the observed mis-pricing in experimental asset markets caused by strategic uncertainty (SU) and by individual bounded rationality (IBR)? We address this question by comparing subjects initial price forecasts in two market environments – one with six human traders, and the other with one human and five computer traders. We find that both SU and IBR account equally for the media...
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In this paper a simulation is presented, where programmed traders compete on a market implemented by a double auction market institution. To this end, we added a XML-interface to an Iowa-style asset market system and implemented a collection of programmed traders with pure and simple strategies. The implementation and the simple simulation presented in this paper represent the starting point to...
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There are numerous reasons to apply the cost approach to the valuation of an intangible asset. Before applying this valuation approach, the valuation analyst should be familiar with the generally accepted cost approach methods and procedures. In addition, the valuation analyst should have sufficient data to measure (1) the intangible asset cost components and (2) the intangible asset obsolescen...
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ژورنال
عنوان ژورنال: Econometrica
سال: 1982
ISSN: 0012-9682
DOI: 10.2307/1912600