English  |  正體中文  |  简体中文  |  全文筆數/總筆數 : 82429/111618 (74%)
造訪人次 : 21429690      線上人數 : 698
RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.
搜尋範圍 查詢小技巧:
  • 您可在西文檢索詞彙前後加上"雙引號",以獲取較精準的檢索結果
  • 若欲以作者姓名搜尋,建議至進階搜尋限定作者欄位,可獲得較完整資料
  • 進階搜尋
    請使用永久網址來引用或連結此文件: http://nccur.lib.nccu.edu.tw/handle/140.119/115655


    題名: Cognitive ability and earnings performance: Evidence from double auction market experiments
    作者: 陳樹衡
    楊立行
    Tai, Chung-Ching
    Chen, Shu-Heng
    Yang, Lee-Xieng
    貢獻者: 經濟學系;心理學系
    關鍵詞: Cognitive ability;Working memory capacity;Double auction markets;Bidding behavior;Earnings performance;Artificial traders
    日期: 2018
    上傳時間: 2018-01-30 15:18:40 (UTC+8)
    摘要: Our goal in this paper is to understand how heterogeneity in people’s cognitive ability leads to different market behavior, and thus different market performance. To do this, subjects with heterogeneous working memory capacity (WMC) were placed in a double-auction environment to compete against artificial traders. We considered two treatments which differ in the artificial traders. The artificial traders are truth-telling in the first treatment, but demonstrate adaptive trading behavior in the second one. Our results show that working memory capacity has a significantly positive effect on subjects’ market performance, and the performance gap caused by cognitive ability, while narrowing over time, remains significant by the end of experiment. We find that differences in subjects’ performance resulted from their behavior: high-WMC subjects were better at exploiting extra profit opportunities and avoiding unprofitable transactions, and they tended to underbid more than those with lower WMC. Among the five constituent abilities of WMC, we find that it is distinctive abilities which contribute to the overall significance in these two treatments. For the treatment involving truth-telling traders, the relevant factor is the ability of simultaneous processing and storing information; whereas, for the treatment involving adaptive traders, the only one that matters is subjects’ ability to coordinate elements into structures.
    關聯: Journal of Economic Dynamics and Control
    資料類型: article
    DOI 連結: https://doi.org/10.1016/j.jedc.2017.12.008
    DOI: 10.1016/j.jedc.2017.12.008
    顯示於類別:[經濟學系] 期刊論文

    文件中的檔案:

    檔案 描述 大小格式瀏覽次數
    j.jedc.2017.12.008.pdf2676KbAdobe PDF48檢視/開啟


    在政大典藏中所有的資料項目都受到原著作權保護.


    社群 sharing

    著作權政策宣告
    1.本網站之數位內容為國立政治大學所收錄之機構典藏,無償提供學術研究與公眾教育等公益性使用,惟仍請適度,合理使用本網站之內容,以尊重著作權人之權益。商業上之利用,則請先取得著作權人之授權。
    2.本網站之製作,已盡力防止侵害著作權人之權益,如仍發現本網站之數位內容有侵害著作權人權益情事者,請權利人通知本網站維護人員(nccur@nccu.edu.tw),維護人員將立即採取移除該數位著作等補救措施。
    DSpace Software Copyright © 2002-2004  MIT &  Hewlett-Packard  /   Enhanced by   NTU Library IR team Copyright ©   - 回饋