This paper provides an overview on the simulations andexperiments we have done in order to better understandhuman-agent interaction in a market environment. We findthat the introduction of software agents does not necessarilyinduce a more efficient market. More surprisingly,information on the...

This paper studies how software agents influence the market behavior ofhuman traders. Programmed traders with a passive arbitrage seekingstrategy are introduced in a double auction market experiment with humansubjects in the laboratory. As a treatment variable, the influence ofinformation on the...

The goal of this paper is to provide an overview on the Virtual Laboratory infrastructurefor online economic experiments. We summarize our experience gainedfrom performing several economic experiments on the Internet. The experimentswe have run range from electronic markets to individual...

For the Euro 2000 Soccer Championships an experimental asset market was conducted, with traders buying and selling contracts on the winners of individual matches. Market-generated probabilites are compared to professional bet quotas, and factors that are responsible for the quality of the market...