The Double-Auction Gambling Market: An Experimental Examination
β Scribed by Kyle W. Hampton
- Book ID
- 109140154
- Publisher
- John Wiley and Sons
- Year
- 2007
- Tongue
- English
- Weight
- 661 KB
- Volume
- 66
- Category
- Article
- ISSN
- 0002-9246
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
We study the learning behavior of a population of buyers and a population of sellers whose members are repeatedly randomly matched to engage in a sealed bid double auction. The agents are assumed to be boundedly rational and choose their strategies by imitating successful behavior and adding innovat
## Abstract The reasons for the highly efficient market outcomes observed under the double auction remain unclear. This paper presents a series of experimental financial markets designed to investigate the importance of unknown trading period duration on trading behavior and the convergence tendenc