Welfare distribution in double auction trading, comparison of classroom experiment and homogeneous agent based computational model

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F49777513%3A23510%2F13%3A43919115" target="_blank" >RIV/49777513:23510/13:43919115 - isvavai.cz</a>

Výsledek na webu

<a href="http://www.wseas.us/e-library/conferences/2013/Chania/AEBDa/AEBDa-25.pdf" target="_blank" >http://www.wseas.us/e-library/conferences/2013/Chania/AEBDa/AEBDa-25.pdf</a>

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

Welfare distribution in double auction trading, comparison of classroom experiment and homogeneous agent based computational model

Popis výsledku v původním jazyce

This paper compares the welfare distribution in two double-auction markets. The first one is an agent based simulation market with homogeneous agents and the second one is classroom experimental market with the students. The welfare is measured by the surpluses of buyers or sellers according to the partial market analysis via Alfred Marshall. While the agent based simulation shows the normal distribution of surpluses, the classroom experiment shows suspicion of heavy tails. That is why some personal characteristics of the traders can probably play a role in the classroom experiment.

Název v anglickém jazyce

Welfare distribution in double auction trading, comparison of classroom experiment and homogeneous agent based computational model

Popis výsledku anglicky

This paper compares the welfare distribution in two double-auction markets. The first one is an agent based simulation market with homogeneous agents and the second one is classroom experimental market with the students. The welfare is measured by the surpluses of buyers or sellers according to the partial market analysis via Alfred Marshall. While the agent based simulation shows the normal distribution of surpluses, the classroom experiment shows suspicion of heavy tails. That is why some personal characteristics of the traders can probably play a role in the classroom experiment.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

—

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2013

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

RECENT RESEARCHES in APPLIED ECONOMICS and MANAGEMENT Business Administration and Financial Management - Volume 1

ISBN

978-960-474-323-0

ISSN

2227-460X

e-ISSN

—

Počet stran výsledku

6

Strana od-do

150-155

Název nakladatele

WSEAS Press

Místo vydání

Chania, Crete Island

Místo konání akce

Chania, Crete Island, Greece

Datum konání akce

27. 8. 2013

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

—