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Over-the-counter versus double auction in asset markets with near-zero-intelligence traders

Lu, Dong; Zhan, Yaosong - In: Journal of economic dynamics & control 143 (2022), pp. 1-24

Persistent link: https://www.econbiz.de/10013539524

Where to look for the morals in markets?

Sutter, Matthias; Huber, Jürgen; Kirchler, Michael; … - 2018

There is a heated debate on whether markets erode social responsibility and moral behavior. However, it is a … challenging task to identify and measure moral behavior in markets. Based on a theoretical model, we examine in an experiment the … relation between trading volume, prices and moral behavior by setting up markets that either impose a negative externality on …

Persistent link: https://www.econbiz.de/10012140876

Correlation neglect in belief formation

Enke, Benjamin; Zimmermann, Florian - 2013

Many information structures generate correlated rather than mutually independent signals, the news media being a prime example. This paper shows experimentally that in such context many people neglect these correlations in the updating process and treat correlated information as independent. In...

Persistent link: https://www.econbiz.de/10009748615

Markets as a structural solution to knowledge-sharing dilemmas

Maciejovsky, Boris; Budescu, David V. - In: Organizational behavior and human decision processes : … 120 (2013) 2, pp. 154-167

Persistent link: https://www.econbiz.de/10009724622

Let the market decide : an experimental study of competition and fairness

Bartling, Björn; Grieder, Manuel; Zehnder, Christian - 2014

Is competition perceived as a fair procedure? We report data from laboratory experiments where a powerful buyer can trade with one of several sellers. Sellers who feel shortchanged can engage in counterproductive behavior to punish the buyer. We find that the same unfavorable terms of trade...

Persistent link: https://www.econbiz.de/10010360299

Let the market decide : an experimental study of competition and fairness

Bartling, Björn; Grieder, Manuel; Zehnder, Christian - 2014

Persistent link: https://www.econbiz.de/10010361425

Myopic loss aversion and market experience

Mayhew, Brian W.; Vitalis, Adam - In: Journal of economic behavior & organization : JEBO 97 (2014), pp. 113-125

Persistent link: https://www.econbiz.de/10010339109

Correlation neglect in belief formation : conference paper

Enke, Benjamin; Zimmermann, Florian - 2013

A frequent feature of information structures is that they generate signals which are not mutually independent, but rather rely on a common set of underlying information. Using a simple experimental design, we show that in such contexts many people neglect correlations in the updating process,...

Persistent link: https://www.econbiz.de/10010339934

New insights into old discoveries : two kinds of markets

Smith, Vernon L. - In: International journal of the economics of business 21 (2014) 1, pp. 33-35

Persistent link: https://www.econbiz.de/10010254716

Efficiency-morality trade-offs in repugnant transactions : a choice experiment

Elías, Julio; Lacetera, Nicola; Macis, Mario - 2016

Societies prohibit many transactions considered morally repugnant, although potentially efficiency-enhancing. We conducted an online choice experiment to characterize preferences for the morality and efficiency of payments to kidney donors. Preferences were heterogeneous, ranging from...

Persistent link: https://www.econbiz.de/10011531908