search query: @indexterm Economic behaviour / total: 184
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| Author: | Ackert, L. Church, B. |
| Title: | Information dissemination and the distribution of wealth: evidence from experimental asset markets |
| Journal: | Journal of Economic Behavior and Organization
1998 : NOV 30, VOL. 37:3, p. 357-371 |
| Index terms: | ECONOMIC BEHAVIOUR INFORMATION DISTRIBUTION OF WEALTH |
| Language: | eng |
| Abstract: | The authors conduct 24 experimental asset markets to investigate the effects of differentially informed and experienced agents on information dissemination and the distribution of wealth. In their markets private information is incomplete in that it reduces, but does not eliminate, state uncertainty. Private information is not fully disseminated, even in markets with experienced traders. Informed agents exploit their informational advantage and earn greater profit than uninformed agents, but only in markets with unexperienced traders. |
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