@article{oai:osu.repo.nii.ac.jp:00001649, author = {鶴薗, 浩徳 and 藤井, 陽一朗 and 後藤, 達也 and 服部, 純典 and 石川, 竜一郎 and Tsuruzono, Hironori and Fujii, Yoichiro and Goto, Tatsuya and Hattori, Yoshinori and Ishikawa, Ryuichiro}, issue = {1/2}, journal = {大阪産業大学経済論集, Osaka Sangyo University journal of economics}, month = {Mar}, note = {In the standard economic theory, informed traders have more advantages in economic activities than uninformed ones. In particular, it seems obvious that one can obtain more gains in financial markets by having more information about the fundamental values of an asset. This study examines whether better-informed traders have an advantage over less-informed ones by conducting experimental asset markets following Huber, et al. (2008, Journal of Economic Behavior & Organization). Our experiments show that better-informed traders do not necessarily gain more than less-informed ones., In the standard economic theory, informed traders have more advantages in economic activities than uninformed ones. In particular, it seems obvious that one can obtain more gains in financial markets by having more information about the fundamental values of an asset. This study examines whether better-informed traders have an advantage over less-informed ones by conducting experimental asset markets following Huber, et al. (2008, Journal of Economic Behavior & Organization). Our experiments show that better-informed traders do not necessarily gain more than less-informed ones.}, pages = {23--35}, title = {Heterogeneous Information in Experimental Asset Markets}, volume = {16}, year = {2015}, yomi = {ツルゾノ, ヒロノリ and フジイ, ヨウイチロウ and ゴトウ, タツヤ and ハットリ, ヨシノリ and イシカワ, リュウイチロウ} }