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| Tekijä: | Chewning Jr, E.G. Coller, M. Tuttle, B. |
| Otsikko: | Do market prices reveal the decision models of sophisticated investors? Evidence from the laboratory |
| Lehti: | Accounting, Organizations and Society
2004 : NOV, VOL. 29:8, p. 739-758 |
| Asiasana: | Financial market trading Investors Market information |
| Kieli: | eng |
| Tiivistelmä: | This article presents a series of laboratory asset markets which were conducted to study if unsophisticated traders are able to learn to assess publicly released information by trading with and observing trades made by a sophisticated trader. The findings suggest that unsophisticated traders who participate in an asset market with a sophisticated trader show considerable improvement in their ability to use market information on a subsequent price estimation task. |
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