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Trading behavior an...
Trading behavior and profits in experimental asset markets with asymmetric information
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Stöckl, T. (författare)
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- Kirchler, Michael, 1977 (författare)
- Gothenburg University,Göteborgs universitet,Centrum för finans,Institutionen för nationalekonomi med statistik,Centre for Finance,Department of Economics
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(creator_code:org_t)
- Elsevier, 2014
- 2014
- Engelska.
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Ingår i: Journal of Behavioral and Experimental Finance. - : Elsevier. - 2214-6350. ; 2, s. 18-30
- Relaterad länk:
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Abstract
Ämnesord
Stäng
- We study trading behavior and its profitability in experimental asset markets with asymmetrically informed traders. We find that insiders make most of their profits from trades which are initiated by their limit orders. The average informed lose most with market orders and their losses are highest when they pick up insiders' limit orders. Uninformed traders act as liquidity providers. They place the highest number of limit orders and end up with the market return. © 2014 Elsevier B.V.
Ämnesord
- SAMHÄLLSVETENSKAP -- Ekonomi och näringsliv -- Nationalekonomi (hsv//swe)
- SOCIAL SCIENCES -- Economics and Business -- Economics (hsv//eng)
Nyckelord
- Asymmetric information
- Experimental finance
- Limit order markets
- Liquidity
- Trading behavior
Publikations- och innehållstyp
- ref (ämneskategori)
- art (ämneskategori)
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