Supplementary Material > Volume 113 Issue 486 (March 2003)

Volume 113 Issue 486 (March 2003)

Do Anomalies Disappear in Repeated Markets?

Graham Loomes, Chris Starmer, Robert Sugden

 File size: 105KB

Description of data:
These notes explain the format of the data contained in the file LSS-EJ-C03 and discussed in 'Do Anomalies Disappear in Repeated Markets' Loomes, Starmer and Sugden, Economic Journal March, 2003.

**VARIABLES***

SUBJECT: subject identifier
(Note: one group of subjects - session15/group1 -failed to complete all of the tasks: these subjects were excluded from the analysis and do not appear in the data file hence the missing subject numbers at the end of the file)

SESSION: session in which subject took part

GROUP: referred to as 'Trading group' in the paper

SUBG: referred to as 'Majority/Minority subgroup' in the paper
(1=majority/2=minority)

FOR COLUMNS 5 ONWARDS:

MarketiVj= Subject’s stated valuation in round j of Market i (j=1,..,6)
MarketiPj= Price in round j of Market i.

The Market numbers (1 - 6) correspond with those of Table 1 hence:

****MARKETS**** **MAJORITY VALUING**
Market 1: buy vouchers high value voucher
Market 2: sell vouchers low value voucher
Market 3: buy lotteries high value lottery
Market 4: sell lotteries high value lottery
Market 5: buy lotteries low value lottery
Market 6: sell lotteries low value lottery

LSS-EJ-C03.xls