Simultaneous decisions in different-sized groups in electricity markets

Autor: Irina Bocharova, Alexander Rymanov
Jazyk: angličtina
Rok vydání: 2021
Předmět:
Zdroj: Energy Reports, Vol 7, Iss , Pp 874-887 (2021)
Druh dokumentu: article
ISSN: 2352-4847
DOI: 10.1016/j.egyr.2021.07.054
Popis: The paper examines behavioral experiments of guessing game for different-sized groups in electricity markets. The subjects simultaneously took decisions, while being part of a group, and as part of a subgroup. The three-factor design (with two blocking factors) shows that subjects choose different numbers for a large group and a subgroup. The numbers in the subgroups are less (and closer to equilibrium) than the numbers in large groups. Subjects make more rational decisions, being in larger groups.
Databáze: Directory of Open Access Journals