Price manipulation in an experimental asset market
نویسندگان
چکیده
منابع مشابه
Strategic Uncertainty in an Experimental Asset Market
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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ژورنال
عنوان ژورنال: European Economic Review
سال: 2009
ISSN: 0014-2921
DOI: 10.1016/j.euroecorev.2008.05.004