Listar ECO_Articles por autoría "fcfe2c06-d999-46f0-9afd-5c1e33274eda"
Mostrando ítems 1-15 de 15
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A simple model of herd behavior, a comment
Elsevier (2012)In this paper we analyze the role played by the tie-breaking assumptions in Banerjee’s model of herd behavior. Changing one assumption we obtain three important results: players’ strategies are parameter dependent; an ... -
Agents interaction and price dynamics: evidence from the laboratory
Springer (2022-08-26)Using data collected from an experimental double auction market, we study the dynamics of interaction among traders. Our focus is on the effect the trading network has on price dynamics and price-fundamental convergence. ...
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An experimental investigation of insurance decisions in low probability and high loss risk situations
Springer Berlin Heidelberg (2014-04)This experimental study investigates insurance decisions in low-probability, high-loss risk situations. Results indicate that subjects consider the probability of loss (loss size) when they make buying decisions (paying ... -
Asset markets in the lab: A literature review
Elsevier (2017-03)This paper aims at providing an overview of several topics that have been addressed in the field of experimental asset markets. Rather than being exhaustive in any single topic, this review is meant to gather the several ...
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Bitcoin: Bubble that bursts or Gold that glitters?
Elsevier (2021-06-03)This paper aims to shed light on the 2017 Bitcoin bubble. Firstly, by applying the dynamic time warping algorithm, we identify among several financial instruments a subsample of five assets with similar characteristics to ...
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Crypto-environment network connectivity and Bitcoin returns distribution tail behaviour
Elsevier (2022-07-21)This study explores whether and to what extent cryptocurrency ecosystem network connectivity predicts Bitcoin returns across quantiles of the return distribution. The facets of cryptocurrency ecosystem network connectivity ...
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Estimating Individual and Group Preference Functionals Using Experimental Data
Springer Verlag (2014-04)In this paper, the empirical performance of several preference functionals is assessed using individual and group experimental data. We investigate if there is a risky choice theory that fits group decisions better than ...
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Intragroup competition in public good games: The role of relative performance incentives and risk attitudes
Wiley (2019-03-27)We analyze a public good game (PGG) with intragroup competition in which, generally but not always, the dominant strategy is to not contribute; therefore, free riding is the unique Nash equilibrium, not achieving Pareto ...
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Overweighting of public information in financial markets: A lesson from the lab
Elsevier (2021-08-18)We study the information aggregation process in a laboratory financial market where traders have access to costly private and free public imperfect information. The public disclosure provokes (i) a crowding-out effect on ...
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El Papel de las agencias de rating en la desestabilización de los mercados financieros en el laboratorio
Generalitat Valenciana. Comité economic i social de la Comunitat Valenciana (2011)Tras la reciente etapa de agitación en los mercados financieros, tanto los académicos como las instituciones reguladoras han iniciado un debate sobre el papel de las agencias de rating en la inestabilidad financiera. Parece ...
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Single vs multiple disclosures in an experimental asset market with information acquisition
Taylor & Francis (2021-04-13)We conduct laboratory experiments to study whether increasing the number of independent public signals in an economy with endogenous private information is an effective measure to promote the acquisition of information and ...
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The effect of rating agencies on herd behaviour
Springer Berlin Heidelberg (2014-04)This paper purports to provide some evidence on the effect of rating agencies in financial markets. By means of a laboratory experiment, we investigate the effect and interaction between private and public information. We ...
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Three doors anomaly, ‘‘should I stay, or should I go’’: an artefactual field experiment
Springer (2021-04-01)This work aims to identify and quantify the biases behind the anomalous behavior of people when they deal with the Three Doors dilemma, which is a really simple but counterintuitive game. Carrying out an artefactual field ...
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Unemployment and labor force participation in Italy
Emerald Publishing Limited (2021-10-06)Purpose Our main purpose is to test the unemployment invariance hypothesis in Italy. Design/methodology/approach This paper provides an empirical investigation of the unemployment and labor force participation in ...
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Voluntary Contributions with Risky and Uncertain Marginal Returns: The Importance of the Parameter Values
John Wiley & Sons (2013)Previous research indicates that risky and uncertain marginal returns from a public good lower contributions significantly. This paper presents experimental results showing that this effect depends on the employed ...
