Efficiency of the Experimental Prediction Market: Public Information, Belief Evolution, and Personality Traits
學年 109
學期 2
出版（發表）日期 2021-05-31
作品名稱 Efficiency of the Experimental Prediction Market: Public Information, Belief Evolution, and Personality Traits
作品名稱（其他語言）
著者 Bin-Tzong Chie; Chih-Hwa Yang
單位
出版者
著錄名稱、卷期、頁數 Advances in Management and Applied Economics, Vol. 11, No. 4, 2021, 39-59
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.
關鍵字 Experimental economics;Prediction markets;Belief;Market efficiency;Personality traits
語言 en
ISSN 1792-7544
期刊性質 國外
收錄於 EconLit NotTSSCI
產學合作
通訊作者 Bin-Tzong Chie
審稿制度 是
國別 NZL
公開徵稿
出版型式 ,電子版,紙本
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