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Author:Tuttle, B.
Coller, M.
Burton, F. G.
Title:An examination of market efficiency: Information order effects in a laboratory market
Journal:Accounting, Organizations and Society
1997 : JAN, VOL. 22:1, p. 89-103
Index terms:MARKET EFFICIENCY
MARKETS
PRICES
EFFICIENCY
Language:eng
Abstract:This study examines whether the order of information releases affects market prices. Prior research has shown that individuals are influenced by the order in which a series of information items is presented. In this study the prior findings to a market setting where individuals contract to sell and buy assets in a market setting, are extended.The study was designed to test the efficient market hypothesis against the alternative hypothesis that systematic individual biases could survive in a market. The findings represent an important contribution to the research on efficient markets.
SCIMA record nr: 159685
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