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Is more information always better? Experimental financial markets with asymmetric information

Huber, Jürgen; Kirchler, Michael; Sutter, Matthias - Universität <Innsbruck> / Sozial- und …; … - 2004

We study the value of information in financial markets by asking whether having more information always leads to higher returns. We address this question in an experiment where single traders have different information levels about an asset’s intrinsic value. In our treatments we vary the...

Persistent link: https://www.econbiz.de/10005866871

Signaling with Performance and the Effect of Competition

Suzuki, Toru - Max-Planck-Institut zur Erforschung von … - 2010

Candidates compete to persuade a decision maker. The decision maker wishes toselect a candidate who possesses a certain ability. Then, as a signaling, each candidatedecides whether to perform a task whose performance statistically reects the ability.However, since the cost of the performance...

Persistent link: https://www.econbiz.de/10009248917

Cheap-talk communication in procurement auctions : theory and experiment

Onderstal, Sander; Yang, Yang - 2020

auction is beneficial to the buyer compared to no communication and ex-ante communication. In a setting where the buyer and … the winning supplier have misaligned interests regarding the terms, the buyer benefits from ex-ante communication relative … to no communication and ex-post communication. Our experimental data provide strong evidence for the predictions in the …

Persistent link: https://www.econbiz.de/10012167341

Financial Market in the Laboratory, anExperimental Analysis of some Stylized Facts

Morone, Andrea - Max-Planck-Institut für Ökonomik <Jena> - Abteilung … - 2005

This paper purports to provide experimental evidence explaining a number of stylized facts associated with thebehaviour of financial returns, in particular, the fat tailed nature of their distribution and the persistence in theirvolatility. By means of a laboratory experiment, we will...

Persistent link: https://www.econbiz.de/10005866822

Understanding and managing behavioural risks : the case of food risks caused by malpractice in poultry production

Hirschauer, Norbert; Zwoll, Stefan - 2006

The probability that actors in economic relationships break rules increases with the profits they thus expect to earn. It decreases with the probability and level of short- and long-term losses resulting from disclosure. It also decreases with the level of social context factors and intrinsic...

Persistent link: https://www.econbiz.de/10010346444

Favoring the winner or loser in repeated contests

Ridlon, Robert; Shin, Jiwoong - In: Marketing science 32 (2013) 5, pp. 768-785

Persistent link: https://www.econbiz.de/10010199749

Contracting for Product Support under Information Asymmetry

Li, Dong; Mishra, Nishant; Netessine, Serguei - 2016 - Revised version of 2016/57/TOM

Persistent link: https://www.econbiz.de/10011685315

The impact of the manufacturer-hired sales agent on a supply chain with information asymmetry

Khanjari, Neda Ebrahim; Iravani, Seyed; Shin, Hyoduk - In: Manufacturing & service operations management : M & SOM 16 (2014) 1, pp. 76-88

Persistent link: https://www.econbiz.de/10010339121

Screening mechanism when online users have privacy concerns

Jacob, Jagan - In: International journal of revenue management : IJRM 11 (2019) 1/2, pp. 89-125

Persistent link: https://www.econbiz.de/10012252048

Fragility of Information Cascades:An Experimental Study using Elicited Beliefs

Koessler, Frédéric; Ziegelmeyer, Anthony; Bracht, Jürgen - Max-Planck-Institut für Ökonomik <Jena> / Abteilung … - 2008

This paper examines the occurrence and fragility of information cascades in laboratory experiments.One group of low informed subjects make predictions in sequence. In a matchedpairs design, another set of high informed subjects observe the decisions of the first group andmake predictions....

Persistent link: https://www.econbiz.de/10005866431