Abstract When alternative market institutions are available, traders have to decide both where and how much trade. We conducted an experiment decided first whether trade in (efficient) double-auction institution or a posted-offers one (favoring sellers), second sellers face decreasing returns scale (increasing production costs), fast coordination on the occurs, with becoming inactive. In contra...

Reconstructing state-space dynamics from scalar data using time-delay embedding requires choosing values for the delay $\tau$ and dimension $m$. Both parameters are critical to success of procedure neither is easy formally validate. While theorems do offer formal guidance these choices, in practice one has resort heuristics, such as average mutual information (AMI) method Fraser & Swinney or fa...