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Volumn 2, Issue , 2010, Pages 865-871

When do markets with simple agents fail?

Author keywords

Market Equilibrium; Market Failure; Prediction Markets; Price Theory; Zero Intelligence

Indexed keywords

AUTONOMOUS AGENTS; FORECASTING; MULTI AGENT SYSTEMS;

EID: 82955245045     PISSN: 15488403     EISSN: 15582914     Source Type: Conference Proceeding    
DOI: None     Document Type: Conference Paper
Times cited : (21)

References (20)
  • 6
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    • Efficiency of thin and thick markets
    • L. Gan and Q. Li. Efficiency of Thin and Thick Markets. NBER Working Paper, 2004.
    • (2004) NBER Working Paper
    • Gan, L.1    Li, Q.2
  • 7
    • 72949083817 scopus 로고
    • Allocative efficiency of markets with zero-intelligence traders: Market as a partial substitute for individual rationality
    • D. Gode and S. Sunder. Allocative efficiency of markets with zero-intelligence traders: Market as a partial substitute for individual rationality. Journal of Political Economy, pages 119-137, 1993.
    • (1993) Journal of Political Economy , pp. 119-137
    • Gode, D.1    Sunder, S.2
  • 11
    • 33646796020 scopus 로고    scopus 로고
    • Interpreting the predictions of prediction markets
    • C. Manski. Interpreting the predictions of prediction markets. Economics Letters, 91(3):425-429, 2006.
    • (2006) Economics Letters , vol.91 , Issue.3 , pp. 425-429
    • Manski, C.1
  • 12
    • 49049133343 scopus 로고
    • Information, trade and common knowledge
    • P. Milgrom and N. Stokey. Information, Trade and Common Knowledge. Journal of Economic Theory, 26(1):17-27, 1982.
    • (1982) Journal of Economic Theory , vol.26 , Issue.1 , pp. 17-27
    • Milgrom, P.1    Stokey, N.2
  • 15
    • 0000349075 scopus 로고
    • Rational expectations and the aggregation of diverse information in laboratory security markets
    • C. Plott and S. Sunder. Rational expectations and the aggregation of diverse information in laboratory security markets. Econometrica, 56(5):1085-1118, 1988.
    • (1988) Econometrica , vol.56 , Issue.5 , pp. 1085-1118
    • Plott, C.1    Sunder, S.2
  • 16
    • 84899415639 scopus 로고    scopus 로고
    • Prediction mechanisms that do not incentivize undesirable actions
    • P. Shi, V. Conitzer, and M. Guo. Prediction Mechanisms That Do Not Incentivize Undesirable Actions. In WINE, 2009.
    • (2009) WINE
    • Shi, P.1    Conitzer, V.2    Guo, M.3
  • 17
    • 85005378376 scopus 로고
    • Markets as economizers of information: Experimental examination of the "Hayek hypothesis,"
    • V. Smith. Markets as Economizers of Information: Experimental Examination of the "Hayek Hypothesis,". Economic Inquiry, 20(2): 165-79, 1982.
    • (1982) Economic Inquiry , vol.20 , Issue.2 , pp. 165-179
    • Smith, V.1
  • 20
    • 12444278477 scopus 로고    scopus 로고
    • Market diversity and market efficiency: The approach based on genetic programming
    • C. Yeh and S. Chen. Market Diversity and Market Efficiency: The Approach Based on Genetic Programming. Artificial Intelligence and Simulation of Behaviour Journal, 1(1):147-167, 2001.
    • (2001) Artificial Intelligence and Simulation of Behaviour Journal , vol.1 , Issue.1 , pp. 147-167
    • Yeh, C.1    Chen, S.2


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.