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OverviewLarissa 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. Full Product DetailsAuthor: Larissa Katharina SenningerPublisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Imprint: Springer Gabler Edition: 1st ed. 2018 Weight: 0.454kg ISBN: 9783658242930ISBN 10: 3658242930 Pages: 100 Publication Date: 14 November 2018 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of ContentsWisdom of the Crowd.- Market Experiments.- Information Aggregation.- Experimental Capital Markets.- Trading Mechanisms.- Estimation of Asset Value.- Call Auction Mechanism.- Continuous Double Auction Mechanism.ReviewsAuthor InformationLarissa 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. Tab Content 6Author Website:Countries AvailableAll regions |
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