3. Experimental results3.1 Overview

3. Experimental results
3.1 Overview of market level data

Figures 3-6 report the distribution of trading prices in our experiments. The RE and PI prices (the dashed lines) are calculated based on the information available in the market. In the first period of a given round, the RE price is always 437.5 francs. In every second period of the round, the shocked asset is worth 125 francs on average. The value of the non-shocked asset depends on the presence of inside information. If such information exists, then under the RE model prices reveal its value. The value is 250 francs in the absence of insiders.

Results (Indonesian) 2:

3. Eksperimental hasil
3.1 Ikhtisar data tingkat pasar Angka 3-6 laporan distribusi harga perdagangan dalam percobaan kami. RE dan PI harga (garis putus-putus) dihitung berdasarkan informasi yang tersedia di pasar. Pada periode pertama putaran diberikan, harga RE selalu 437,5 franc. Dalam setiap periode kedua putaran, aset terkejut bernilai 125 franc rata-rata. Nilai aset non-kaget tergantung pada kehadiran informasi dalam. Jika informasi tersebut ada, kemudian di bawah RE harga model yang mengungkapkan nilainya. Nilai adalah 250 franc dalam ketiadaan orang dalam.