Self-fulfilling Speculative Attacks and Informational Structure: An Experimental Analysis - Softcover

Mekvabishvili, Rati

Softcover

ISBN 10: 384655569X ISBN 13: 9783846555699

Verlag: LAP LAMBERT Academic Publishing, 2011

Inhaltsangabe

This paper presents an experiment designed to test the self-fulfilling currency crisis models and to examine the impact of public information in context of a signal. Our experiment extends the experimental investigation of Heinemann et al (2002) and Cornand (2004) and compares precise public and noisy public information treatments. Our analysis of the theoretical and the previous experimental results suggests that noisy public information is unlikely to have destabilising effects. In this case we expect that probability of attacks to be lower and predictability of attacks may be worse with noisy public information than with precise public information. Based on Kahneman and Tversky (1979) and Koszegi and Rabin (2006), we also propose an explanation of the order effect of the certain payoffs found in the previous experiments.

Über diesen Titel

Biografía del autor

Mr. Mekvabishvili holds a Master of Science degree in Behavioural Economics from the University of Nottingham. Before continuing his studies in the United Kingdom, he spent one academic year at the University of Copenhagen. Mr. Mekvabishvili also holds Master’s and Bachelor’s degrees in Economics from Charles University in Prague.

Details zur Ausgabe

• Verlag: LAP LAMBERT Academic Publishing
• Erscheinungsdatum: 2011
• Sprache: Englisch
• ISBN 10: 384655569X
• ISBN 13: 9783846555699
• Einband: Tapa blanda
• Anzahl der Seiten: 60
• Kontakt zum Hersteller: Nicht verfügbar
• Verantwortliche Person: Nicht verfügbar