We present in this thesis three distinct experiments, studying issues in behavioural economics and finan- cial market. In the first paper, we study the level-k reasoning model in an experimental extension of Arad and Rubinsten (2012) “11-20 Money Request Game”. In the second paper, we introduce an experimental design where traders can buy or sell the rights for performing complex decisional task. The design seeks to test the allocative efficiency of markets. In the third paper, we introduce an Arrow-Debreu market where traders have diverse and partial information about the true state of nature. The design seeks to test the Rational Expectations model’s prediction that all relevant information will be aggregated into market prices.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:630872 |
| Date | January 2014 |
| Creators | Choo, Chang Yuan Lawrence |
| Contributors | Kaplan, Todd R.; Fonseca, Miguel A. |
| Publisher | University of Exeter |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Source | http://hdl.handle.net/10871/15825 |
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