Paul Hewitt doubts.

Paul Hewitt:

Finally, we need to know if this was only possible, because it was a fairly simple experimental model. Will the same decision-maker’s ability exist in extremely complex public policy markets?

About Chris F. Masse

Founder and President of Midas Oracle
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One Response to Paul Hewitt doubts.

  1. Paul Hewitt says:

    Here’s the third of four posts involving a review of Robin’s papers.

    http://torontopm.wordpress.com/2009/11/27/traders-do-need-to-know-the-direction-of-manipulation/

    On my blog, Robin commented that traders did not need to know the direction in which manipulators were trying to move the market, yet in his own paper he concluded that they did need to know the direction. Apart from that, while it was a simple, laboratory experiment, it did show that non-manipulative traders were able to counteract the effects of the manipulators, by changing their threshold for accepting higher bids.

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