Patterns and processes emerge unbidden in complex systems when many simple entities
interact. This overview emphasizes the role of networks in emergence, notably network …

Past research suggests that people with different thinking styles show different cognitive
processes. Accordingly, we test how thinking style and advice jointly affect investment …

Research background: The positive relationship between the availability of intellectual
capital and the ability of the state, region or firm to develop economically stimulates an …

Apparently contradictory evidence has accumulated regarding the extent to which financial
markets are informationally efficient. Shedding new light on this old debate, we show that …

This study tests the rationality of the decisions to purchase information, the informational
efficiency of prices, and the optimality of the resulting allocations in decentralized markets …

This study tests the rationality of the decisions to purchase information, the informational
efficiency of prices, and the optimality of the resulting allocations with a series of laboratory …

We propose a Marshallian model for price and allocation adjustments in parallel continuous
double auctions. Agents quote prices that they expect will maximize local utility …

We study asset pricing in a setting where correct valuation of securities requires market
participants to solve instances of the 0-1 knapsack problem, a computationally “hard” …

This paper compares the performance of centralized and decentralized markets
experimentally. We constrain trading exchanges to happen on an exogenously …

In prediction markets prices can be interpreted as the average belief of the traders under
restrictive theoretical assumptions, namely specific risk preferences (eg, log utility) and the …