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Autore: | Senninger Larissa Katharina |
Titolo: | Wisdom of the Crowd in Experiments [[electronic resource] /] / by Larissa Katharina Senninger |
Pubblicazione: | Wiesbaden : , : Springer Fachmedien Wiesbaden : , : Imprint : Springer Gabler, , 2018 |
Edizione: | 1st ed. 2018. |
Descrizione fisica: | 1 online resource (100 pages) |
Disciplina: | 330.019 |
Soggetto topico: | Behavioral economics |
Banks and banking | |
Behavioral Finance | |
Behavioral/Experimental Economics | |
Banking | |
Nota di contenuto: | Wisdom of the Crowd -- Market Experiments -- Information Aggregation -- Experimental Capital Markets -- Trading Mechanisms -- Estimation of Asset Value -- Call Auction Mechanism -- Continuous Double Auction Mechanism. |
Sommario/riassunto: | 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. Contents • Wisdom of the Crowd • Market Experiments • Information Aggregation • Experimental Capital Markets • Trading Mechanisms • Estimation of Asset Value • Call Auction Mechanism • Continuous Double Auction Mechanism Target groups • Students and lecturers in the field of economy and banking & finance • Practitioners in the banking & finance sector The author 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. |
Titolo autorizzato: | Wisdom of the Crowd in Experiments |
ISBN: | 3-658-24294-9 |
Formato: | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910299654903321 |
Lo trovi qui: | Univ. Federico II |
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