Wisdom of the Crowd in Experiments

Larissa Katharina Senninger (Autor)

Buch | Softcover

XI, 100 Seiten

2018 | 1st ed. 2018
Springer Fachmedien Wiesbaden GmbH (Verlag)
978-3-658-24293-0 (ISBN)

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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.

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.

Wisdom of the Crowd.- Market Experiments.- Information Aggregation.- Experimental Capital Markets.- Trading Mechanisms.- Estimation of Asset Value.- Call Auction Mechanism.- Continuous Double Auction Mechanism.

Erscheinungsdatum	17.11.2018
Reihe/Serie	BestMasters
Zusatzinfo	XI, 100 p. 18 illus.
Verlagsort	Wiesbaden
Sprache	englisch
Maße	148 x 210 mm
Gewicht	159 g
Themenwelt	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
	Betriebswirtschaft / Management ► Spezielle Betriebswirtschaftslehre ► Bankbetriebslehre
	Wirtschaft ► Volkswirtschaftslehre ► Mikroökonomie
Schlagworte	Banking • Capital Markets • experiments • Finance • Information Allocation • Market mechanisms • wisdom of the crowd
ISBN-10	3-658-24293-0 / 3658242930
ISBN-13	978-3-658-24293-0 / 9783658242930
Zustand	Neuware