The wisdom of the few or the wisdom of the many? An indirect test of the marginal trader hypothesis
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DOI: 10.1007/s12197-009-9092-4
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- Manahov, Viktor & Hudson, Robert & Hoque, Hafiz, 2015. "Return predictability and the ‘wisdom of crowds’: Genetic Programming trading algorithms, the Marginal Trader Hypothesis and the Hayek Hypothesis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 37(C), pages 85-98.
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More about this item
Keywords
Marginal Trader Hypothesis; Prediction Market; Prediction Contest; C9; D4; G1;All these keywords.
JEL classification:
- C9 - Mathematical and Quantitative Methods - - Design of Experiments
- D4 - Microeconomics - - Market Structure, Pricing, and Design
- G1 - Financial Economics - - General Financial Markets
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