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Wisdom of the Crowd in Experiments / by Larissa Katharina Senninger

By: Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: BestMasters | Springer eBook Collection | SpringerLink BücherPublisher: Wiesbaden : Springer Fachmedien Wiesbaden, 2018Description: Online-Ressource (XI, 100 p. 18 illus, online resource)ISBN:
  • 9783658242947
Subject(s): Additional physical formats: 9783658242930 | Erscheint auch als: 978-3-658-24293-0 Druck-Ausgabe | Erscheint auch als: Wisdom of the crowd in experiments. Druck-Ausgabe Wiesbaden : Springer Gabler, 2018. X, 100 SeitenDDC classification:
  • 330.01
LOC classification:
  • HB71-74
DOI: DOI: 10.1007/978-3-658-24294-7Online resources: Summary: 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. Contents • Wisdom of the Crowd • Market Experiments • Information Aggregation • Experimental Capital Markets • Trading Mechanisms • Estimation of Asset Value • Call Auction Mechanism • Continuous Double Auction Mechanism Target groups • Students and lecturers in the field of economy and banking & finance • Practitioners in the banking & finance sector 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 riskSummary: Wisdom of the Crowd -- Market Experiments -- Information Aggregation -- Experimental Capital Markets -- Trading Mechanisms -- Estimation of Asset Value -- Call Auction Mechanism -- Continuous Double Auction MechanismPPN: PPN: 1040278973Package identifier: Produktsigel: ZDB-2-ECF | ZDB-2-SEB | ZDB-2-SXEF
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