Ontology highlight
ABSTRACT:
SUBMITTER: Roszczynska-Kurasinska M
PROVIDER: S-EPMC3517516 | biostudies-literature | 2012
REPOSITORIES: biostudies-literature
Roszczynska-Kurasinska Magda M Nowak Andrzej A Kamieniarz Daniel D Solomon Sorin S Andersen Jørgen Vitting JV
PloS one 20121207 12
The dynamics of collective decision making is not yet well understood. Its practical relevance however can be of utmost importance, as experienced by people who lost their fortunes in turbulent moments of financial markets. In this paper we show how spontaneous collective "moods" or "biases" emerge dynamically among human participants playing a trading game in a simple model of the stock market. Applying theory and computer simulations to the experimental data generated by humans, we are able to ...[more]