Simultaneous decisions in different-sized groups in electricity markets

Energy Reports

Irina Bocharova¹  Alexander Rymanov² 

[1] Orel State Agrarian University named after N.V. Parakhin, Gen.Rodina ul., 24, Orel 302019, Russia;The Russian Presidential Academy of National Economy and Public Administration, Nizhegorodskaya ul., 6, Novosibirsk 630102, Russia;

关键词: Behavioral experiment;    Blocking factor;    Factorial design;    Guessing game;    Simultaneous decisions;   

DOI  :  

来源: DOAJ

【 摘 要 】

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.

【 授权许可】

Unknown