Human Traders across Multiple Markets: Attracting Intra-marginal Traders under Economic Experiments
نویسندگان
چکیده
We conducted human-subject market experiments to check the effects of charging different types of market fees on human trader’s market selection behavior across multiple markets. In alignment with previous findings using software trading agents, a market charging lump-sum registration fees attracted intramarginal or high-value human traders, while, extra-marginal traders, or low-value traders, were more likely to select a market charging a fixed-rate profit fee. The experiment data suggests that human trader behavior might also have been influenced by criteria such as loss aversion or potential risk averseness.
منابع مشابه
Attracting Intra-marginal Traders across Multiple Markets
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