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Informational asymmetries in laboratory asset markets with state-dependent fundamentals

Keser, Claudia; Markstädter, Andreas - 2014

We investigate the formation of market prices in a new experimental setting involving multi-period call-auction asset markets with state-dependent fundamentals. We are particularly interested in two informational aspects: (1) the role of traders who are informed about the true state and/or (2)...

Persistent link: https://www.econbiz.de/10010353591

Informational asymmetries in laboratory asset markets with state-dependent fundamentals

Keser, Claudia; Markstädter, Andreas - 2014 - This version: September 25, 2014

Persistent link: https://www.econbiz.de/10010429127

Social costs of inequality : heterogeneous endowments in public-good experiments

Keser, Claudia; Markstädter, Andreas; Schmidt, Martin B.; … - 2014

We compare voluntary contributions to the financing of a public good in a symmetric setting to those in asymmetric settings, in which four players have different, randomly allocated endowments. We observe that a weak asymmetry in the endowment distribution leads to the same contribution level as...

Persistent link: https://www.econbiz.de/10010410644

Control without deception

Bardsley, Nicholas - 2000

experiment shows there is a workable alternative todeception. …

Persistent link: https://www.econbiz.de/10011304381

Resolving persistent uncertainty by self-organized consensus to mitigate market bubbles

Sornette, Didier; Andraszewicz, Sandra; Murphy, Ryan O.; … - 2016

We propose a new paradigm to study coordination in complex social systems, such as financial markets, that accounts for fundamental uncertainty. This new context has features from prediction markets that have been shown previously to mitigate price bubbles in classical asset market experiments....

Persistent link: https://www.econbiz.de/10011514493

Experimental public choice

Schram, Arthur - 2002

A review is given of the use of laboratory experiments in the Public Choice literature. A distinction is made in experiments on public goods, participation games, rent-seeking and lobbying, and spatial voting.

Persistent link: https://www.econbiz.de/10011327841

Coordination of expectations in asset pricing experiments

Hommes, Cars H.; Sonnemans, Joep; Tuinstra, Jan; … - 2003

We investigate expectation formation in a controlled experimental en-vironment. Subjects are asked to predict the price in a standard asset pricingmodel. They do not have knowledge of the underlying market equilibrium equa-tions, but they know all past realized prices and their own predictions....

Persistent link: https://www.econbiz.de/10011333274

Discrimination as favoritism : the private benefits and social costs of in-group favoritism in an experimental labor market

Dickinson, David L.; Masclet, David; Peterlé, Emmanuel - 2017

In this paper, we examine labor market favoritism in a unique laboratory experiment design that can shed light on both …

Persistent link: https://www.econbiz.de/10011621487

Informational asymmetries in laboratory asset markets with state-dependent fundamentals : conference paper

Keser, Claudia; Markstädter, Andreas - 2014

We investigate the formation of market prices in a new experimental setting involving multi-period asset markets with state-dependent fundamentals. We are particularly interested in two informational aspects: (1) the role of traders who are informed about the true state and (2) the provision of...

Persistent link: https://www.econbiz.de/10010483895

Experience does not eliminate bubbles : experimental evidence

Kopányi-Peuker, Anita; Weber, Matthias - 2018

. One is a call market experiment in which participants trade assets with each other. The other is a learning …-to-forecast experiment in which participants only forecast future prices, while the trade, which is based on these forecasts, is computerized …. Each experiment comprises three treatments that vary the amount of information about the fundamental value that …

Persistent link: https://www.econbiz.de/10011932581