Search Results - "Palan, Stefan"

A REVIEW OF BUBBLES AND CRASHES IN EXPERIMENTAL ASSET MARKETS by Palan, Stefan

“…This paper discusses the literature on bubbles and crashes in the most commonly used experimental asset market design, introduced by Smith et al. It documents…”
Get full text

To see is to believe: Common expectations in experimental asset markets by Cheung, Stephen L., Hedegaard, Morten, Palan, Stefan

“…We experimentally manipulate agents' information regarding the rationality of others in a setting in which previous studies have found irrationality to be…”
Get full text

Inducing low-carbon investment in the electric power industry through a price floor for emissions trading by Brauneis, Alexander, Mestel, Roland, Palan, Stefan

“…Uncertainty about long-term climate policy is a major driving force in the evolution of the carbon market price. Since this price enters the investment…”
Get full text

Who inflates the bubble? Forecasters and traders in experimental asset markets by Giamattei, Marcus, Huber, Jürgen, Lambsdorff, Johann Graf, Nicklisch, Andreas, Palan, Stefan

“…We use a laboratory experiment to study how forecasting contributes to mispricing. In the Baseline, we assign both the task of forecasting and the task of…”
Get full text

Prolific.ac—A subject pool for online experiments by Palan, Stefan, Schitter, Christian

“…The number of online experiments conducted with subjects recruited via online platforms has grown considerably in the recent past. While one commercial…”
Get full text

Of coordinators and dictators: A public goods experiment by Fleiß, Jürgen, Palan, Stefan

“…We experimentally investigate whether human subjects are willing to give up individual freedom in return for the benefits of improved coordination. We conduct…”
Get full text

A Good Beginning Makes a Good Market: The Effect of Different Market Opening Structures on Market Quality by Palan, Stefan, Mestel, Roland, Leopold-Wildburger, Ulrike, Hinterleitner, Gernot

“…This paper deals with the market structure at the opening of the trading day and its influence on subsequent trading. We compare a single continuous double…”
Get full text

GIMS—Software for asset market experiments by Palan, Stefan

“…In this article we lay out requirements for an experimental market software for financial and economic research. We then discuss existing solutions. Finally,…”
Get full text

Does investor risk perception drive asset prices in markets? Experimental evidence by Huber, Jürgen, Palan, Stefan, Zeisberger, Stefan

“…We explore how individual risk perception influences prices and trading behavior in a market setting. Specifically, our study lets experimental participants…”
Get full text

Voting for insider trading regulation. An experimental study of informed and uninformed traders’ preferences by Schmidt, Dominik, Stöckl, Thomas, Palan, Stefan

“…Capital markets often regulate insider trading, but whether such regulation aligns with traders’ preferences is an open question. This study examined traders’…”
Get full text

Trading frictions and the Post-earnings-announcement drift by Fink, Josef, Palan, Stefan, Theissen, Erik

Get full text

Insider trading regulation and shorting constraints. Evaluating the joint effects of two market interventions by Merl, Robert, Stöckl, Thomas, Palan, Stefan

“…•We study the joint effects of regulations forbidding informed trading and shorting of assets and cash.•Allowing short positions and allowing informed trading…”
Get full text

Status and reputation nudging by Rose, Julia, Kirchler, Michael, Palan, Stefan

“…•Reputation nudges increase response rates in requests asking insurance brokers to share their expertise on specialist issues compared to a neutral baseline…”
Get full text

Nobel and novice: Author prominence affects peer review by Huber, Jürgen, Inoua, Sabiou, Kerschbamer, Rudolf, König-Kersting, Christian, Palan, Stefan, Smith, Vernon L.

“…Peer review is a well-established cornerstone of the scientific process, yet it is not immune to biases like status bias, which we explore in this paper…”
Get full text

Can information provision and preference elicitation promote ESG investments? Evidence from a large, incentivized online experiment by Seifert, Marcel, Spitzer, Florian, Haeckl, Simone, Gaudeul, Alexia, Kirchler, Erich, Palan, Stefan, Gangl, Katharina

“…•We identify the effect of ESG impact information on ESG investment decisions.•We run an incentivized online experiment with retail investors and…”
Get full text

Intergroup cooperation in the lab: asymmetric power relations and redistributive policies by Mitterbacher, Kerstin, Palan, Stefan, Fleiß, Jürgen

“…We study intra- and intergroup cooperation in the production and distribution of a jointly created good. Over several periods, members of one group can choose…”
Get full text

Reciprocity in migration policy and labor market integration: A lab experiment by Mitterbacher, Kerstin, Fleiß, Jürgen, Palan, Stefan

“…We experimentally study policy variations to examine economic migrants’ willingness to relocate to, and take up work in, a destination country, and, in turn,…”
Get full text

Aggregation mechanisms for crowd predictions by Palan, Stefan, Huber, Jürgen, Senninger, Larissa

“…When the information of many individuals is pooled, the resulting aggregate often is a good predictor of unknown quantities or facts. This aggregate predictor…”
Get full text

Immaterial and monetary gifts in economic transactions: evidence from the field by Kirchler, Michael, Palan, Stefan

“…Reciprocation of monetary gifts is well-understood in economics. In contrast, there is little research on reciprocal behavior following immaterial gifts like…”
Get full text

Insider trading regulation and trader migration by Merl, Robert, Palan, Stefan, Schmidt, Dominik, Stöckl, Thomas

“…Discussions about insider trading regulation veer between the poles of forbidding insider trading to protect market integrity and allowing insider trading to…”
Get full text