Charles Darwin was concerned that his entire theory of evolution by natural selection might be negated by a phenomenon prevalent in a variety of species including humans; namely altruism. If natural selection really favored the survival of the fittest, how could a strategy so irrational as to...

Larissa Katharina Senninger analyses the phenomenon of wisdom of the crowd in experimental capital markets. Aiming to find out which market mechanism is able to aggregate different information in a meaningful way, a continuous double auction and a call auction mechanism are tested. In line with...