Outputs (3)

Speed traps: algorithmic trader performance under alternative market balances and structures (2023)
Journal Article
Peng, Y., Shachat, J., Wei, L., & Zhang, S. S. (2024). Speed traps: algorithmic trader performance under alternative market balances and structures. Experimental Economics, 27(2), 325-350. https://doi.org/10.1007/s10683-023-09816-8

Using double auction market experiments with both human and agent traders, we demonstrate that agent traders prioritising low latency often generate, sometimes perversely so, diminished earnings in a variety of market structures and configurations. W... Read More about Speed traps: algorithmic trader performance under alternative market balances and structures.

On the generalizability of using mobile devices to conduct economic experiments (2023)
Journal Article

Mobile devices enable experimental economists to collect decision-making data from more heterogeneous samples, thereby increasing the generalizability of their results. This generalizability may be compromised if the device is a relevant behavioural... Read More about On the generalizability of using mobile devices to conduct economic experiments.

A test of the Modigliani-Miller theorem, dividend policy and algorithmic arbitrage in experimental asset markets (2023)
Journal Article

Modigliani and Miller showed the market value of the company is independent of its capital structure, and suggested that dividend policy makes no difference to this law of one price. We experimentally test the Modigliani-Miller theorem in a complete... Read More about A test of the Modigliani-Miller theorem, dividend policy and algorithmic arbitrage in experimental asset markets.