Efficiency of the Experimental Prediction Market:  Public Information, Belief Evolution,  and Personality Traits

淡江大學機構典藏 > 商管學院 > 產業經濟學系暨研究所 > 期刊論文 > Item 987654321/122797

jsp.display-item.identifier=請使用永久網址來引用或連結此文件: https://tkuir.lib.tku.edu.tw/dspace/handle/987654321/122797

题名:	Efficiency of the Experimental Prediction Market: Public Information, Belief Evolution, and Personality Traits
作者:	Chie, Bin-Tzong;Yang, Chih-Hwa
关键词:	Experimental economics;Prediction markets;Belief;Market efficiency;Personality traits
日期:	2021-05-31
上传时间:	2022-07-05 12:10:14 (UTC+8)
出版者:	Scientific Press International Ltd.
摘要:	This paper examines the ability of markets to aggregate information so that the price generated from the market contains the best estimate of all the available information. The paper investigates how individuals “update” their initial beliefs from their public and private information in light of market prices. In particular, the paper looks at individuals' weighting of public information versus private information. Also, the volume of information in the market via an increased number of traders with private information has a positive impact on the quality of the market price. Lastly, the personality traits of the traders seem to provide some positive impact if the traders are diverse in terms of the proportion of "efficient and organized" traders in the market.
關聯:	Advances in Management and Applied Economics 11(4), p.39-59
DOI:	10.47260/amae/1143
显示于类别:	[產業經濟學系暨研究所] 期刊論文

文件中的档案:

档案	描述	大小	格式	浏览次数
index.html		0Kb	HTML	86	检视/开启

在機構典藏中所有的数据项都受到原著作权保护.

TAIR相关文章