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BL
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| Record Number
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871577
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| Main Entry
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Senninger, Larissa Katharina
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| Title & Author
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Wisdom of the crowd in experiments /\ Larissa Katharina Senninger.
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| Publication Statement
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Wiesbaden, Germany :: Springer Gabler,, [2018]
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| Series Statement
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BestMasters
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| Page. NO
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1 online resource
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| ISBN
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3658242949
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: 9783658242947
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3658242930
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9783658242930
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| Contents
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Intro; Table of Contents; List of Figures; List of Tables; Abstract; 1 Introduction; 2 Literature; 3 Market Experiment; 3.1 Experimental Design; 3.2 Individual Estimation; 3.3 Endowment; 3.4 Information Levels; 3.5 Treatments; 3.5.1 Call Auction Mechanism; 3.5.2 Continuous Double Auction Mechanism; 3.6 Payoff; 3.7 Questionnaire; 4 Results; 4.1 Estimations of Glass Value; 4.2 Estimations in Call Auction Markets and Continuous Double Auction Markets; 4.3 Market Mechanisms; 4.4 Trading Volume and Net Change of Assets; 4.5 Critique and Ideas for Future Research; 5 Conclusion; 6 Appendix.
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| Abstract
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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. The author 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.--
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| Subject
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Banks and banking.
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| Subject
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Capital market.
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Economics-- Psychological aspects.
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| Subject
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Banks and banking.
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| Subject
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Capital market.
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| Subject
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Economics-- Psychological aspects.
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| Dewey Classification
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330.01
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| LC Classification
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HB71.S46 2018
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