Our market experiment investigates the extent to which traders learn from the price, differentiating between situations where orders are submitted before versus after the price has realized. When market participants have to submit their bids conditional on the price, they show a bias by reacting...

Der Preis eines Wertpapiers spiegelt die durchschnittliche Markteinschätzung informierter Investoren. Dennoch ist unklar, inwiefern Investoren diese im Preis verfügbare Information für ihre Entscheidungen tatsächlich nutzen. Das DIW Berlin hat diese Frage im Verbund mit der...

Der Preis eines Wertpapiers spiegelt die durchschnittliche Markteinschätzung informierter Investoren. Dennoch ist unklar, inwiefern Investoren diese im Preis verfügbare Information für ihre Entscheidungen tatsächlich nutzen. Das DIW Berlin hat diese Frage im Verbund mit der...

Our market experiment investigates the extent to which traders learn from the price, differentiating between situations where orders are submitted before versus after the price has realized. When market participants have to submit their bids conditional on the price, they show a bias by reacting...

We estimate a labor supply model with German data on engineering enrollments and starting salaries. In one model agents have backward looking expectations, in the other rational expectations on future wages. Only the model with backward looking expectations delivers significant coefficients with...

We estimate a labor supply model with German data on engineering enrollments and starting salaries. In one model agents have backward looking expectations, in the other rational expectations on future wages. Only the model with backward looking expectations delivers significant coefficients with...