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Barbara Ikica Simon Jantschgi Heinrich H. Nax Diego G. Nuñez Duran Bary S. R. Pradelski 《International Economic Review》2023,64(3):1087-1126
We conducted a large number of controlled continuous double auction experiments to reproduce and stress-test the phenomenon of convergence to competitive equilibrium under private information with decentralized trading feedback. Our main finding is that across a total of 104 markets (involving over 1,700 subjects), convergence occurs after a handful of trading periods. Initially, however, there is an inherent asymmetry that favors buyers, typically resulting in prices below equilibrium levels. Analysis of over 80,000 observations of individual bids and asks helps identify empirical ingredients contributing to the observed phenomena including higher levels of aggressiveness initially among buyers than sellers. 相似文献
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此文从孔子在<论语>中对话式的教学方法来说明今日我们为什么要读<论语>.即我们读<论语>时要从当下的反省及反应来思考<论语>的思想.作者认为<论语>所论及的是人类共同的、亘久不变的核心价值,所以值得现代人去重新去发现,去体会<论语>的话.作者进一步从<论语>中君子的理想来论述孔子的伦理观及儒家的政治和社会思想. 相似文献
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