Simultaneous decisions in different-sized groups in electricity markets

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 n...

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Autores principales:	Irina Bocharova, Alexander Rymanov
Formato:	article
Lenguaje:	EN
Publicado:	Elsevier 2021
Materias:	Behavioral experiment Blocking factor Factorial design Guessing game Simultaneous decisions Electrical engineering. Electronics. Nuclear engineering TK1-9971
Acceso en línea:	https://doaj.org/article/a952dee048aa499d8f1535cda32d5ce6
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spelling	oai:doaj.org-article:a952dee048aa499d8f1535cda32d5ce62021-11-18T04:49:23ZSimultaneous decisions in different-sized groups in electricity markets2352-484710.1016/j.egyr.2021.07.054https://doaj.org/article/a952dee048aa499d8f1535cda32d5ce62021-11-01T00:00:00Zhttp://www.sciencedirect.com/science/article/pii/S2352484721005187https://doaj.org/toc/2352-4847The 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.Irina BocharovaAlexander RymanovElsevierarticleBehavioral experimentBlocking factorFactorial designGuessing gameSimultaneous decisionsElectrical engineering. Electronics. Nuclear engineeringTK1-9971ENEnergy Reports, Vol 7, Iss , Pp 874-887 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Behavioral experiment Blocking factor Factorial design Guessing game Simultaneous decisions Electrical engineering. Electronics. Nuclear engineering TK1-9971
spellingShingle	Behavioral experiment Blocking factor Factorial design Guessing game Simultaneous decisions Electrical engineering. Electronics. Nuclear engineering TK1-9971 Irina Bocharova Alexander Rymanov Simultaneous decisions in different-sized groups in electricity markets
description	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.
format	article
author	Irina Bocharova Alexander Rymanov
author_facet	Irina Bocharova Alexander Rymanov
author_sort	Irina Bocharova
title	Simultaneous decisions in different-sized groups in electricity markets
title_short	Simultaneous decisions in different-sized groups in electricity markets
title_full	Simultaneous decisions in different-sized groups in electricity markets
title_fullStr	Simultaneous decisions in different-sized groups in electricity markets
title_full_unstemmed	Simultaneous decisions in different-sized groups in electricity markets
title_sort	simultaneous decisions in different-sized groups in electricity markets
publisher	Elsevier
publishDate	2021
url	https://doaj.org/article/a952dee048aa499d8f1535cda32d5ce6
work_keys_str_mv	AT irinabocharova simultaneousdecisionsindifferentsizedgroupsinelectricitymarkets AT alexanderrymanov simultaneousdecisionsindifferentsizedgroupsinelectricitymarkets
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Simultaneous decisions in different-sized groups in electricity markets

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