Human traders across multiple markets: Attracting intra-marginal traders under economic experiments

Jung Woo Sohn, Anthony Mark Kwasnica, Tracy Mullen

Research output: Chapter in Book/Report/Conference proceedingConference contribution

1 Citation (Scopus)

Abstract

Progress in information technology and globalization of world economy enable traders to choose from more than one market exchanges to trade in. This paper investigates the impacts of charging different types of market fees on human traders' market selection behavior under two markets. The experimental results show that intra-marginal, or high-value human traders selected a market charging lump-sum registration fees more frequently, while extra-marginal traders, or low-value traders, selected a market charging fixed-rate profit fee more often. This is in alignment with previous findings with software trading agents.

Original languageEnglish (US)
Title of host publicationAgent-Mediated Electronic Commerce - Designing Trading Strategies and Mechanisms for Electronic Markets, TADA 2010, Revised Selected Papers
PublisherSpringer Verlag
Pages109-126
Number of pages18
Volume118 LNBIP
ISBN (Print)9783642341991
DOIs
StatePublished - 2012
EventACM EC Workshop on Trading Agent Design and Analysis, TADA 2010, Co-located with the EC 2010 Conference - Cambridge, MA, United States
Duration: Jun 7 2010Jun 7 2010

Publication series

NameLecture Notes in Business Information Processing
Volume118 LNBIP
ISSN (Print)18651348

Other

OtherACM EC Workshop on Trading Agent Design and Analysis, TADA 2010, Co-located with the EC 2010 Conference
CountryUnited States
CityCambridge, MA
Period6/7/106/7/10

Fingerprint

Information technology
Profitability
Economics
Experiment
Experiments
Globalization
Information Technology
Registration
Profit
Human
Market
Traders
Economic experiments
Alignment
Choose
Software
Experimental Results
Fees

All Science Journal Classification (ASJC) codes

  • Business and International Management
  • Modeling and Simulation
  • Control and Systems Engineering
  • Information Systems and Management
  • Information Systems
  • Management Information Systems
  • Business, Management and Accounting(all)

Cite this

Sohn, J. W., Kwasnica, A. M., & Mullen, T. (2012). Human traders across multiple markets: Attracting intra-marginal traders under economic experiments. In Agent-Mediated Electronic Commerce - Designing Trading Strategies and Mechanisms for Electronic Markets, TADA 2010, Revised Selected Papers (Vol. 118 LNBIP, pp. 109-126). (Lecture Notes in Business Information Processing; Vol. 118 LNBIP). Springer Verlag. https://doi.org/10.1007/978-3-642-34200-4_8
Sohn, Jung Woo ; Kwasnica, Anthony Mark ; Mullen, Tracy. / Human traders across multiple markets : Attracting intra-marginal traders under economic experiments. Agent-Mediated Electronic Commerce - Designing Trading Strategies and Mechanisms for Electronic Markets, TADA 2010, Revised Selected Papers. Vol. 118 LNBIP Springer Verlag, 2012. pp. 109-126 (Lecture Notes in Business Information Processing).
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Sohn, JW, Kwasnica, AM & Mullen, T 2012, Human traders across multiple markets: Attracting intra-marginal traders under economic experiments. in Agent-Mediated Electronic Commerce - Designing Trading Strategies and Mechanisms for Electronic Markets, TADA 2010, Revised Selected Papers. vol. 118 LNBIP, Lecture Notes in Business Information Processing, vol. 118 LNBIP, Springer Verlag, pp. 109-126, ACM EC Workshop on Trading Agent Design and Analysis, TADA 2010, Co-located with the EC 2010 Conference, Cambridge, MA, United States, 6/7/10. https://doi.org/10.1007/978-3-642-34200-4_8

Human traders across multiple markets : Attracting intra-marginal traders under economic experiments. / Sohn, Jung Woo; Kwasnica, Anthony Mark; Mullen, Tracy.

Agent-Mediated Electronic Commerce - Designing Trading Strategies and Mechanisms for Electronic Markets, TADA 2010, Revised Selected Papers. Vol. 118 LNBIP Springer Verlag, 2012. p. 109-126 (Lecture Notes in Business Information Processing; Vol. 118 LNBIP).

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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Sohn JW, Kwasnica AM, Mullen T. Human traders across multiple markets: Attracting intra-marginal traders under economic experiments. In Agent-Mediated Electronic Commerce - Designing Trading Strategies and Mechanisms for Electronic Markets, TADA 2010, Revised Selected Papers. Vol. 118 LNBIP. Springer Verlag. 2012. p. 109-126. (Lecture Notes in Business Information Processing). https://doi.org/10.1007/978-3-642-34200-4_8