期刊論文
| 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 |
| 相關連結 |
機構典藏連結 ( http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/122797 ) |