Interaction of Human and Artificial Agents on Double Auction Markets - Simulations and Laboratory Experiments

This paper provides an overview on the simulations and experiments we have done in order to better understand human-agent interaction in a market environment. We find that the introduction of software agents does not necessarily induce a more efficient market. More surprisingly, information on the existence of software agents in the market environment results in more efficient behavior of human traders.

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Year of publication:	2004-02
Authors:	Schmidt, Carsten ; Grossklags, Jens
Institutions:	Max-Planck-Institut für Ökonomik, Max-Planck-Gesellschaft

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Extent:	application/pdf
Series:	Papers on Strategic Interaction.
Type of publication:	Book / Working Paper
Notes:	4 pages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005765196