Business & Economics Books:

Wisdom of the Crowd in Experiments

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Paperback / softback
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Description

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.

Author Biography:

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.
Release date Australia
November 14th, 2018
Pages
100
Edition
1st ed. 2018
Audience
  • Professional & Vocational
Illustrations
18 Illustrations, black and white; XI, 100 p. 18 illus.
ISBN-13
9783658242930
Product ID
28474508

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