haku: @author Sarin, R. / yhteensä: 4
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| Tekijä: | Sarin, R. Weber, M. |
| Otsikko: | Effects of ambiguity in market experiments |
| Lehti: | Management Science
1993 : MAY, VOL. 602-615 |
| Asiasana: | UNCERTAINTY ECONOMICS MARKETS |
| Kieli: | eng |
| Tiivistelmä: | In this paper the authors extend the previous research to evaluate the effect of ambiguity on individual decisions and the resulting market price in market settings. They examine an important issue: whether ambiguity effects persists in the face of market incentives and feedback. Two different market organizations, the sealed bid auction and the double oral auction, were employed. The subjects in the experiments were graduate business students and band executives. |
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