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Algorithmic Trading, Price Efficiency and Welfare : An Experimental Approach

Corgnet, Brice; DeSantis, Mark; Siemroth, Christoph - 2023

We develop a novel experimental paradigm to study the causal impact of trading algorithms on informational efficiency, liquidity, and welfare. In our design, public information about the asset value is revealed during trading, which gives algorithms a reaction speed advantage. We distinguish...

Persistent link: https://www.econbiz.de/10014351067

Constructing quadratic objective functions by linear programming with an application to pure exchange

Schwarm, Claus - In: Constructing and applying objective functions : …, (pp. 309-330). 2002

Persistent link: https://www.econbiz.de/10001770141

Salience and social choice

Schneider, Mark; Leland, Jonathan W. - 2019

Persistent link: https://www.econbiz.de/10012207457

Afriat in the Lab

Heufer, Jan - 2016

Varian (1988) showed that the utility maximization hypothesis cannot be falsified when only a subset of goods is … and sufficient condition for utility maximization in general, not just in the lab. Lab experiments are therefore a valid … tool to put the utility maximization hypothesis to the test …

Persistent link: https://www.econbiz.de/10012979522

Indifference, indecisiveness, experimentation and stochastic choice

Ok, Efe A.; Tserenjigmid, Gerelt - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 2, pp. 651-686

Among the reasons behind the choice behavior of an individual taking a stochastic form are her potential indifference or indecisiveness between certain alternatives, and/or her willingness to experiment in the sense of occasionally deviating from choosing a best alternative in order to give a...

Persistent link: https://www.econbiz.de/10013273770

Happy to help: the welfare effects of a nationwide micro-volunteering programme

Dolan, Paul; Krekel, Christian; Shreedhar, Ganga; Lee, Helen - 2021

There is a strong suggestion from the existing literature that volunteering improves the wellbeing of those who give up their time to help others, but much of it is correlational and not causal. In this paper, we estimate the wellbeing benefits from volunteering for England's National Health...

Persistent link: https://www.econbiz.de/10012549465