This book describes a laboratory experiment designed to test the causes and properties of bubbles in financial markets and explores the question whether it is possible to design markets which avoid such bubbles and crashes. In the experiment, subjects were given the opportunity to trade in a stock market modeled after the seminal work of Smith et al. (1988). To account for the increasing importance of online betting sites, subjects were also allowed to trade in a digital option market. The outcomes shed new light on how subjects form and update their expectations, placing special emphasis on the bounded rationality of investors. Various analytical bubble measures found in the literature are collected, calculated, classified and presented for the first time. The very interesting new bubble measures "Dispersion Ratio", "Overpriced Transactions" and "Underpriced Transactions" are developed, making the book an important step towards the research goal of preventing bubbles and crashes in financial markets.
Thesis (M.A.) from the year 2004 in the subject Business economics - Investment and Finance, grade: 1 (A), University of Graz (Institute für Industrial Economics), language: English, abstract: This Master Thesis gives an overview of the research into the efficient market hypothesis from its first days in the 1950s to the present. The discussion of theoretical models and concepts is being complemented by a review of relevant empirical evidence from international capital markets. The thesis is completed by a brief outlook on newer research venues, including models employing behavioural finance approaches.
This book examines the post-Cold War Polish-German relationship and the puzzling rise of foreign and security policy differences between the two states during the 2000s. Through an investigation of four policy issues – NATO’s out-of-area mandate, European Constitution and the division of voting power in the Council, relations with Russia and the eastern neighbours, as well as EU energy policy – the author identifies the roots of their conflict in a structure of material, spatial and temporal asymmetries. Rather than treat them as currency, however, he explores the less conspicuous ways in which power is exercised and structure matters inside a community governed by shared rules and norms. In pursuing its research question, theoretical work, historical reconstructions and empirical analyses, the book combines security studies, transatlantic relations, European integration, and Polish and German politics with general theorizing and conceptual grounding in international relations and political science.
Globalization is the first volume which systematically encompasses the debates and the results of research of political scientists on all core aspects of the interrelation between politics and economics in the process of globalization. This volume shows how research on globalization has reached a degree of differentiation and depth that makes it necessary and attractive to assess the state-of-the-art and perspectives for further research. With contributions from international experts including Andreas Busch, Nadine Haase and Edgar Grande.
This book describes a laboratory experiment designed to test the causes and properties of bubbles in financial markets and explores the question whether it is possible to design markets which avoid such bubbles and crashes. In the experiment, subjects were given the opportunity to trade in a stock market modeled after the seminal work of Smith et al. (1988). To account for the increasing importance of online betting sites, subjects were also allowed to trade in a digital option market. The outcomes shed new light on how subjects form and update their expectations, placing special emphasis on the bounded rationality of investors. Various analytical bubble measures found in the literature are collected, calculated, classified and presented for the first time. The very interesting new bubble measures "Dispersion Ratio", "Overpriced Transactions" and "Underpriced Transactions" are developed, making the book an important step towards the research goal of preventing bubbles and crashes in financial markets.
Die 25.000 wichtigsten Suchbegriffe, das Suchmaschinen Kompendium, ist eine Zusammenstellung der gängisten Suchbegriffe die Nutzer in Deutschland in den jeweiligen Suchmaschinen eingegeben haben.Das Kompendium spiegelt nicht nur geschichtliche, politische und weltliche Ereignisse der letzten Jahre wieder sondern zeigt auch offen ein unbekanntes Bild der Gesellschaft wieder. Es zeigt mit welchen teils obskuren Dingen sich die Menschen befassen und welche neuen Begrifflichkeiten gebildet werden.So haben wir deshalb eben kein Lektorat durchgeführt sondern für die Germanisten unter uns auch die Falschschreibung bzw. die Tippfehler so aufgenommen wie vom User eingebracht.Der Autor hat für dieses Werk eigene Internet-Recherchen seit 2000 durchgeführt.Natürlich können Sie diese Zusammenstellung auch als Nachschlagewerk zur Verbesserung der Meta-Tags ihrer eigenen Webseiten/Domains benutzen. Sichern Sie sich so hohe Rankings in den Ergebnislisten der Suchmaschinen.
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