Manipulation in political stock markets : preconditions and evidence

Jan Hansen; Carsten Schmidt; Martin Strobel

Political stock markets (PSM) are sometimes seen as substitutes for opinion polls. On the bases of a behavioral model, specific preconditions were drawn out under which manipulation in PSM can weaken this argument. Evidence for manipulation is reported from the data of two separate PSM during the Berlin 99 state elections. -- prognosis ; political stock markets ; decisive vote illusion ; manipulation

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Year of publication:	2001
Authors:	Hansen, Jan ; Schmidt, Carsten ; Strobel, Martin
Institutions:	Sonderforschungsbereich Quantifikation und Simulation Ökonomischer Prozesse (contributor)
Publisher:	Berlin : Humboldt-Universität
Subject:	Manipulation \| Theorie \| Theory \| Börsenhandel \| Stock exchange trading \| Wahlverhalten \| Voting behaviour \| Prognoseverfahren \| Forecasting model \| Anlageverhalten \| Behavioural finance \| Berlin

Extent:	Online-Ressource (PDF-Datei: 9 S., 227,06 KB) graph. Darst.
Series:	Discussion papers of interdisciplinary research project 373. - Berlin : Humboldt-Universität, ISSN 1436-1086, ZDB-ID 2135319-0. - Vol. 2001,61
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Systemvoraussetzungen: Acrobat reader
Other identifiers:	hdl:10419/62769 [Handle]
Classification:	C93 - Field Experiments ; D4 - Market Structure and Pricing ; G1 - General Financial Markets
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10009614875