Dorit.Geifman at 12:28, 11 May 2010

Dorit.Geifman — Tue, 11 May 2010 12:28:23 GMT

← Older revision		Revision as of 12:28, 11 May 2010
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		+	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]]''.
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		+	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]]''.
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	== Discussion ==		== Discussion ==

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	[[Category:Invited traders]]		[[Category:Invited traders]]
	[[Category:Laboratory]]		[[Category:Laboratory]]
		+	[[Category:Markets]]
	[[Category:Medium size markets]]		[[Category:Medium size markets]]
	[[Category:No-stake in outcome]]		[[Category:No-stake in outcome]]

Dorit.Geifman: Created page with '== Discussion == == References == Dahan, E., Lo, A. W., Poggio, T., Chan, N. T., & Kim, A. (2006). [http://202.129.0.151/Teleport/MIT%20Sloan%20School%20of%20Management/Lo_secur…'

Dorit.Geifman — Sun, 09 May 2010 12:55:33 GMT

Created page with '== Discussion == == References == Dahan, E., Lo, A. W., Poggio, T., Chan, N. T., & Kim, A. (2006). [http://202.129.0.151/Teleport/MIT%20Sloan%20School%20of%20Management/Lo_secur…'

New page

== Discussion ==

== References ==
Dahan, E., Lo, A. W., Poggio, T., Chan, N. T., & 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''

== External links ==

[[Category:Business topics]]
[[Category:Complete information]]
[[Category:Continuous Double Auction (CDA)]]
[[Category:Elicit opinion]]
[[Category:Gift reward]]
[[Category:Initial capital endowment]]
[[Category:Initial securities endowment]]
[[Category:Invited traders]]
[[Category:Laboratory]]
[[Category:Medium size markets]]
[[Category:No-stake in outcome]]
[[Category:Performance-rank incentive]]
[[Category:Play-money]]
[[Category:Short duration]]
[[Category:Volume Weighted Average Price (VWAP)]]

Security Trading of Concepts (STOC) - Revision history

Dorit.Geifman at 12:28, 11 May 2010

Dorit.Geifman: Created page with '== Discussion == == References == Dahan, E., Lo, A. W., Poggio, T., Chan, N. T., & Kim, A. (2006). [http://202.129.0.151/Teleport/MIT%20Sloan%20School%20of%20Management/Lo_secur…'