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We investigate the extent to which price deviations from fundamental values in an experimental asset market are due to the uncertainty of subjects regarding others' rationality. We do so by comparing the price forecasts submitted by subjects in two market environments: (a) all six traders are...
Persistent link: https://www.econbiz.de/10010933826
subjects with a perfect score in the Cognitive Reflection Test, and it is not significant for those with low scores. …
Persistent link: https://www.econbiz.de/10010933940
We conducted a sensitivity analysis of results in weighted voting experiments by varying the following two features of the protocol by Montero et al. (2008): (a) the way subjects' roles are reassigned in each round (random versus semi-fixed roles) and (b) the number of proposals that subjects...
Persistent link: https://www.econbiz.de/10009372684
fundamental values in 1EH5H than in the final round of the experiment in which they had previously participated. Furthermore, the …
Persistent link: https://www.econbiz.de/10010899643
during the experiment to test subjects' understanding of relationships between distribution of votes and voting power. The …
Persistent link: https://www.econbiz.de/10008794066