https://pm.haifa.ac.il/index.php?action=history&feed=atom&title=Security_Trading_of_Concepts_%28STOC%29 2026-04-12T11:58:10Z Revision history for this page on the wiki MediaWiki 1.15.1 https://pm.haifa.ac.il/index.php?title=Security_Trading_of_Concepts_(STOC)&diff=80&oldid=prev 2010-05-11T12:28:23Z

<p></p> <table style="background-color: white; color:black;"> <col class='diff-marker' /> <col class='diff-content' /> <col class='diff-marker' /> <col class='diff-content' /> <tr valign='top'> <td colspan='2' style="background-color: white; color:black;">← Older revision</td> <td colspan='2' style="background-color: white; color:black;">Revision as of 12:28, 11 May 2010</td> </tr> <tr><td colspan="2" class="diff-lineno">Line 1:</td> <td colspan="2" class="diff-lineno">Line 1:</td></tr> <tr><td colspan="2">&nbsp;</td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">The objective of the '''Security Trading of Concepts (STOC)''' markets is to ''[[:Category:Elicit opinion|elicit opinion]]'' about ''[[:Category:Business topics|consumer preferences]]'' over new product concepts. The markets were set up in a ''[[:category:Laboratory |laboratory]]'', they were of ''[[:Category:Medium size markets|medium size]]'' (18-26 participants) and open for a ''[[:Category:Short duration|short duration]]'' (10-60 minutes). The marketplace employed the ''[[:Category:Continuous Double Auction (CDA)|Continuous Double Auction (CDA)]]'' market model, and operated with ''[[:Category:Play-money|play-money]]''. The final dividends were calculated based on a ''[[:Category:Volume Weighted Average Price (VWAP)|volume weighted average price]]''. The traders received ''[[:Category:Initial capital endowment|initial capital endowment]]'' and ''[[:Category:Initial securities endowment|initial securities endowment]]''.</ins></div></td></tr> <tr><td colspan="2">&nbsp;</td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr> <tr><td colspan="2">&nbsp;</td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">The MBA students that were ''[[:Category:Invited traders|invited]]'' to trade had ''[[:Category:No-stake in outcome|no stake]]'' in the resulting customer preferences. The traders possessed ''[[:Category:Complete information|complete information]]'' regarding the product specifications, but the preferences were subject to own opinion. ''[[:Category:Gift reward|Prizes]]'' were awarded to traders based on ''[[:Category:Performance-rank incentive|performance-rank]]''.</ins></div></td></tr> <tr><td colspan="2">&nbsp;</td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;"></ins></div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>== Discussion ==</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>== Discussion ==</div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"></td></tr> <tr><td colspan="2" class="diff-lineno">Line 16:</td> <td colspan="2" class="diff-lineno">Line 20:</td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>[[Category:Invited traders]]</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>[[Category:Invited traders]]</div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>[[Category:Laboratory]]</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>[[Category:Laboratory]]</div></td></tr> <tr><td colspan="2">&nbsp;</td><td class='diff-marker'>+</td><td style="background: #cfc; color:black; font-size: smaller;"><div><ins style="color: red; font-weight: bold; text-decoration: none;">[[Category:Markets]]</ins></div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>[[Category:Medium size markets]]</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>[[Category:Medium size markets]]</div></td></tr> <tr><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>[[Category:No-stake in outcome]]</div></td><td class='diff-marker'> </td><td style="background: #eee; color:black; font-size: smaller;"><div>[[Category:No-stake in outcome]]</div></td></tr> <!-- diff generator: internal 2026-04-12 11:58:10 --> </table>

Dorit.Geifman https://pm.haifa.ac.il/index.php?title=Security_Trading_of_Concepts_(STOC)&diff=65&oldid=prev 2010-05-09T12:55:33Z

<p>Created page with &#39;== Discussion == == References == Dahan, E., Lo, A. W., Poggio, T., Chan, N. T., &amp; Kim, A. (2006). [http://202.129.0.151/Teleport/MIT%20Sloan%20School%20of%20Management/Lo_secur…&#39;</p> <p><b>New page</b></p><div>== Discussion ==<br /> <br /> == References ==<br /> Dahan, E., Lo, A. W., Poggio, T., Chan, N. T., &amp; Kim, A. (2006). [http://202.129.0.151/Teleport/MIT%20Sloan%20School%20of%20Management/Lo_securities.pdf Securities trading of concepts (STOC)]. ''University of California at Los Angeles, Working Paper''<br /> <br /> == External links ==<br /> <br /> <br /> [[Category:Business topics]]<br /> [[Category:Complete information]]<br /> [[Category:Continuous Double Auction (CDA)]]<br /> [[Category:Elicit opinion]]<br /> [[Category:Gift reward]]<br /> [[Category:Initial capital endowment]]<br /> [[Category:Initial securities endowment]]<br /> [[Category:Invited traders]]<br /> [[Category:Laboratory]]<br /> [[Category:Medium size markets]]<br /> [[Category:No-stake in outcome]]<br /> [[Category:Performance-rank incentive]]<br /> [[Category:Play-money]]<br /> [[Category:Short duration]]<br /> [[Category:Volume Weighted Average Price (VWAP)]]</div>

Dorit.Geifman