environments with only human traders. Today markets are substantially determined by algorithmic traders. Here we use a laboratory … experiment to measure human trading behaviour changes if these humans expect algorithmic traders. To disentangle the direct … effect algorithmic traders have we use a clean design where we can manipulate only the expectations of human traders. We find …

with only human traders. Today markets are substantially determined by algorithmic traders. Here we use a laboratory … experiment to measure changes of human trading behavior if these humans expect algorithmic traders. To disentangle the direct … effect of algorithmic traders we use a design where we manipulate only the expectations of human traders. We find clearly …

environments with only human traders. Today markets are substantially determined by algorithmic traders. Here we use a laboratory … experiment to measure human trading behaviour changes if these humans expect algorithmic traders. To disentangle the direct … effect algorithmic traders have we use a clean design where we can manipulate only the expectations of human traders. We find …

with only human traders. Today markets are substantially determined by algorithmic traders. Here we use a laboratory … experiment to measure changes of human trading behavior if these humans expect algorithmic traders. To disentangle the direct … effect of algorithmic traders we use a design where we manipulate only the expectations of human traders. We find clearly …