@inproceedings{3d9e76b9d7bb4b309629d266ef34f474,
title = "Effect of price quoting on financial assets price: An experimental analysis",
abstract = "Stock options are usually sold in bundles of 100 units, and their price can be quoted either per unit or per bundle. In this paper, the effect of different methods of quoting financial asset prices on the subjective value of a contract was examined experimentally. In particular, we examined differences in subjects' Willingness-To-Pay (WTP) and Willingness-To-Accept (WTA) for financial assets depending upon whether prices are quoted per unit or per bundle. We found that subjects bid (ask) a higher price when prices are quoted per unit than when they are quoted per bundle. The results indicated that different quoting methods affect the bidding price for risky assets. These results can have important implications for trading on financial markets.",
keywords = "Behavioral finance, Experiment, Myopic loss aversion, WTA, WTP",
author = "Tal Shavit and Shosh Shahrabani and Uri Benzion",
year = "2006",
doi = "10.2991/jcis.2006.179",
language = "אנגלית",
isbn = "9078677015",
series = "Proceedings of the 9th Joint Conference on Information Sciences, JCIS 2006",
booktitle = "Proceedings of the 9th Joint Conference on Information Sciences, JCIS 2006",
note = "9th Joint Conference on Information Sciences, JCIS 2006 ; Conference date: 08-10-2006 Through 11-10-2006",
}