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• W2151072954 abstract "In repeated number guessing games choices typically converge quickly to the Nash equilibrium. In positive expectations feedback experiments, however, convergence to the equilibrium price tends to be very slow, if it occurs at all. Both types of experimental designs have been suggested as modeling essential aspects of financial markets. In order to isolate the source of the differences in outcomes we present several new experiments in this paper. We conclude that the feedback strength (i.e. the ‘p-value’ in standard number guessing games) is essential for the results." @default.
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• W2151072954 date "2010-12-01" @default.
• W2151072954 modified "2023-10-17" @default.
• W2151072954 title "Positive expectations feedback experiments and number guessing games as models of financial markets" @default.
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• W2151072954 doi "https://doi.org/10.1016/j.joep.2010.08.005" @default.
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