Daniel Friedman

University of California, Santa Cruz - Department of Economics

Social Sciences I

Santa Cruz, CA 95064

United States

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5

Munich, DE-81679

Germany

  • University of California, Santa Cruz - Department of Economics

    • Email
    • Tel: 831-459-4981
    • Fax: 831-459-5900
SCHOLARLY PAPERS

38

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156

Scholarly Papers (38)

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1.

UCSC LEEPS Lab Protocol for Online Economics Experiments

Number of pages: 10 Posted: 03 Jun 2020
Shuchen Zhao, Kristian López Vargas, Daniel Friedman and Marco Gutierrez
Dongbei University of Finance and Economics - Institute for Advanced Economic Research, University of California, Santa Cruz, University of California, Santa Cruz - Department of Economics and Columbia University, Department of Economics
Downloads 726 (74,891)
Citation 2

Abstract:

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Economics Laboratory Experiments

2.

The Impact of ETF Index Inclusion on Stock Prices

Number of pages: 54 Posted: 06 Apr 2022 Last Revised: 07 May 2023
John Duffy, Daniel Friedman, Jean Paul Rabanal and Olga Rud
University of California, Irvine, University of California, Santa Cruz - Department of Economics, University of Stavanger and University of Stavanger
Downloads 699 (78,926)

Abstract:

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index premium, ETFs, experimental finance

3.

Seller Strategies on Ebay

UC Santa Cruz Economics Working Paper No. 564
Number of pages: 27 Posted: 17 Apr 2004
Steven T. Anderson, Daniel Friedman, Garrett H. Milam and Nirvikar Singh
Government of the United States of America - International Minerals Section, University of California, Santa Cruz - Department of Economics, Ryerson University - Economics and Management Science and University of California, Santa Cruz
Downloads 667 (83,352)
Citation 9

Abstract:

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4.

Trade, Voting, and ESG Policies: Theory and Evidence

Number of pages: 48 Posted: 28 Dec 2022 Last Revised: 29 Jan 2025
Daniel Friedman, John Duffy, Jean Paul Rabanal and Olga Rud
University of California, Santa Cruz - Department of Economics, University of California, Irvine, University of Stavanger and University of Stavanger
Downloads 514 (115,803)

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shareholder voting, social responsibility, ESG, experimental finance

5.

Order Protection through Delayed Messaging

Number of pages: 60 Posted: 15 Jul 2017 Last Revised: 30 Jun 2019
Eric M. Aldrich and Daniel Friedman
University of California, Santa Cruz and University of California, Santa Cruz - Department of Economics
Downloads 444 (138,146)
Citation 8

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Market design, high-frequency trading, continuous double auction, IEX

6.

Risky Curves: From Unobservable Utility to Observable Opportunity Sets

Cowles Foundation Discussion Paper No. 1819
Number of pages: 30 Posted: 10 Jun 2011 Last Revised: 23 May 2017
Daniel Friedman and Shyam Sunder
University of California, Santa Cruz - Department of Economics and Yale University - School of Management
Downloads 399 (156,163)
Citation 5

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expected utility, risk aversion, St. Petersburg Paradox, decisions under uncertainty, option theory

7.

A Tractable Model of Reciprocity and Fairness

Andrew Young School of Policy Studies Research Paper Series No. 06-21, UC Santa Cruz Economics Working Paper No. 531
Number of pages: 43 Posted: 04 Mar 2003
James C. Cox, Daniel Friedman and Steven Gjerstad
Georgia State University - Department of Economics, University of California, Santa Cruz - Department of Economics and Purdue University
Downloads 385 (162,550)
Citation 56

Abstract:

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8.

Buy it Now: A Hybrid Internet Market Institution

UC Santa Cruz Economics Working Paper No. 565
Number of pages: 27 Posted: 09 May 2004
Steven T. Anderson, Daniel Friedman, Garrett H. Milam and Nirvikar Singh
Government of the United States of America - International Minerals Section, University of California, Santa Cruz - Department of Economics, Ryerson University - Economics and Management Science and University of California, Santa Cruz
Downloads 298 (214,553)
Citation 14

Abstract:

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9.

Risky Curves: On the Empirical Failure of Expected Utility

Risky Curves: On the Empirical Failure of Expected Utility, Routledge, February 2014
Number of pages: 37 Posted: 08 Jun 2014
Daniel Friedman, R. Mark Isaac, Duncan James and Shyam Sunder
University of California, Santa Cruz - Department of Economics, Florida State University - Department of Economics, Fordham University and Yale University - School of Management
Downloads 266 (241,261)

Abstract:

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10.

Information, Asset Price Volatility, and Liquidity

Number of pages: 81 Posted: 15 Jun 2023 Last Revised: 20 Feb 2025
Daniel Friedman, Grace Gu and Vivian Juehui Zheng
University of California, Santa Cruz - Department of Economics, affiliation not provided to SSRN and University of California, Santa Cruz - Department of Economics
Downloads 238 (269,517)

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public information, private information, information aggregation, price efficiency, asset price volatility, liquidity, laboratory experiment, BDM mechanism, Call Market, Continuous Double Auction

11.

Revealed Altruism

Downloads 217 (294,583)
Citation 34

Revealed Altruism

Andrew Young School of Policy Studies Research Paper Series No. 07-14
Number of pages: 51 Posted: 31 Mar 2007
James C. Cox, Daniel Friedman and Vjollca Sadiraj
Georgia State University - Department of Economics, University of California, Santa Cruz - Department of Economics and Georgia State University - Department of Economics
Downloads 145 (421,554)
Citation 31

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Classical preferences, social preferences, convexity, reciprocity, experiments

Revealed Altruism

Number of pages: 37 Posted: 14 Oct 2008
James C. Cox, Daniel Friedman and Vjollca Sadiraj
Georgia State University - Department of Economics, University of California, Santa Cruz - Department of Economics and Georgia State University - Department of Economics
Downloads 72 (690,077)
Citation 3

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12.

Overconfidence and Market Performance

Downloads 211 (305,269)

Overconfidence and Market Performance

Number of pages: 71 Posted: 18 Jan 2023
Zhaoqi Wang, Daniel Friedman and Thomas Bowen
Jinan University - Finance Department, University of California, Santa Cruz - Department of Economics and UC Santa Cruz
Downloads 154 (403,261)

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Overconfidence, Information Aggregation, Market Efficiency, Laboratory asset market

Overconfidence and Market Performance

Number of pages: 70 Posted: 23 Apr 2024
Zhaoqi Wang, Daniel Friedman and Thomas Bowen
Jinan University - Finance Department, University of California, Santa Cruz - Department of Economics and UC Santa Cruz
Downloads 57 (786,880)

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Overconfidence, Information Aggregation, Market Efficiency, Laboratory Asset Market

13.

Litigation with Symmetric Bargaining and Two-Sided Incomplete Information

Number of pages: 41 Posted: 13 Aug 2003
Daniel Friedman and Donald Wittman
University of California, Santa Cruz - Department of Economics and University of California, Santa Cruz - Department of Economics
Downloads 205 (310,938)
Citation 1

Abstract:

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14.

Vengefulness Evolves in Small Groups

UC Santa Cruz Economics Working Paper No. 559
Number of pages: 35 Posted: 09 Mar 2004
Daniel Friedman and Nirvikar Singh
University of California, Santa Cruz - Department of Economics and University of California, Santa Cruz
Downloads 176 (357,329)
Citation 1

Abstract:

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15.

Equilibrium Vengeance

Number of pages: 45 Posted: 31 Oct 2002
Daniel Friedman and Nirvikar Singh
University of California, Santa Cruz - Department of Economics and University of California, Santa Cruz
Downloads 167 (374,044)

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Negative Reciprocity, Evolutionary, Perfect Bayesian Equilibrium, Emotional State Dependent Utility

16.

Boiling the Frog Optimally: An Experiment on Survivor Curve Shapes and Internet Revenue

Number of pages: 25 Posted: 22 Feb 2013 Last Revised: 20 May 2014
Christina Aperjis, Ciril Bosch-Rosa, Daniel Friedman and Bernardo A. Huberman
Hewlett-Packard Enterprise - Social Computing Lab, Technische Universität Berlin, University of California, Santa Cruz - Department of Economics and CableLabs
Downloads 165 (378,068)

Abstract:

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Internet monetization, online advertising, pricing, reference points, adaptation, laboratory experiment

17.

Financial Engineering and Rationality: Experimental Evidence Based on the Monty Hall Problem

Number of pages: 40 Posted: 16 Oct 2008
Brian Kluger and Daniel Friedman
University of Cincinnati - Department of Finance - Real Estate and University of California, Santa Cruz - Department of Economics
Downloads 164 (380,062)

Abstract:

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18.

Speculative Attacks: A Laboratory Study in Continuous Time

Downloads 105 (385,993)

Speculative Attacks: A Laboratory Study in Continuous Time

CESifo Working Paper Series No. 2420
Number of pages: 37 Posted: 13 Oct 2008
Yin-Wong Cheung and Daniel Friedman
University of California, Santa Cruz - Department of Economics and University of California, Santa Cruz - Department of Economics
Downloads 105 (544,168)

Abstract:

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currency crisis, speculative attack, laboratory experiment, coordination game, preemption, large player

19.

Negative Reciprocity: The Coevolution of Memes and Genes

UC Santa Cruz Economics Working Paper No. 560
Number of pages: 26 Posted: 29 Mar 2004
Daniel Friedman and Nirvikar Singh
University of California, Santa Cruz - Department of Economics and University of California, Santa Cruz
Downloads 158 (392,336)
Citation 1

Abstract:

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Altruism, reciprocity, negative reciprocity, coevolution

20.

Humans, Robots and Market Crashes: A Laboratory Study

Number of pages: 33 Posted: 13 Oct 2008
Todd Feldman and Daniel Friedman
affiliation not provided to SSRN and University of California, Santa Cruz - Department of Economics
Downloads 138 (437,824)

Abstract:

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Financial markets, agent-based models, experimental economics

21.

Preemption Games: Theory and Experiment

Number of pages: 44 Posted: 13 Oct 2008
Steven T. Anderson, Daniel Friedman and Ryan Oprea
affiliation not provided to SSRN, University of California, Santa Cruz - Department of Economics and University of California, Santa Cruz
Downloads 117 (498,094)
Citation 5

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Preemption, Incomplete Information, Irreversible Investment, Laboratory Experiment

22.

When Are Mixed Equilibria Relevant?

Journal of Economic Behavior and Organization, Vol. 191, 2021
Number of pages: 45 Posted: 05 Sep 2019 Last Revised: 27 Sep 2021
Daniel Friedman and Shuchen Zhao
University of California, Santa Cruz - Department of Economics and Dongbei University of Finance and Economics - Institute for Advanced Economic Research
Downloads 112 (514,751)

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Nash equilibrium, Maximin, Mixed strategy, Sign preserving dynamics, Laboratory experiment.

23.

Castles in Tuscany: The Dynamics of Rank Dependent Consumption

UC Santa Cruz Economics Working Paper No. 455
Number of pages: 26 Posted: 08 Feb 2001
Daniel Friedman and Joel Yellin
University of California, Santa Cruz - Department of Economics and University of California, Santa Cruz
Downloads 112 (514,751)
Citation 1

Abstract:

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24.

Learning to Wait: A Laboratory Investigation

Number of pages: 40 Posted: 13 Oct 2008
Daniel Friedman, Ryan Oprea and Steven T. Anderson
University of California, Santa Cruz - Department of Economics, University of California, Santa Cruz and affiliation not provided to SSRN
Downloads 102 (551,115)
Citation 3

Abstract:

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Real options, deferral option, wait option, optimal stopping, laboratory experiments

25.

On the empirical relevance of correlated equilibrium

Number of pages: 35 Posted: 28 Sep 2021
Daniel Friedman, Jean Paul Rabanal, Olga Rud and Shuchen Zhao
University of California, Santa Cruz - Department of Economics, University of Stavanger, University of Stavanger and Dongbei University of Finance and Economics - Institute for Advanced Economic Research
Downloads 97 (570,198)
Citation 1

Abstract:

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Correlated equilibrium, Laboratory experiment, Adaptive dynamics

26.

Motivated Beliefs Meet in the Marketplace

Downloads 95 (589,575)
Citation 1

Motivated Beliefs Meet in the Marketplace

Number of pages: 93 Posted: 15 Apr 2024
Daniel Friedman and Zhaoqi Wang
University of California, Santa Cruz - Department of Economics and Jinan University - Finance Department
Downloads 86 (626,703)
Citation 1

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Motivated Beliefs, Information Aggregation, Laboratory Asset Markets

Motivated Beliefs Meet in the Marketplace

Number of pages: 92 Posted: 10 Feb 2025
Daniel Friedman and Zhaoqi Wang
University of California, Santa Cruz - Department of Economics and Jinan University - Finance Department
Downloads 9 (1,312,726)

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Motivated Beliefs, Information aggregation, Laboratory Asset Markets

27.

A Model of Multiple Selves

Number of pages: 23 Posted: 10 May 2023 Last Revised: 22 Oct 2024
Zeyu Liu, Daniel Friedman and Simon Weidenholzer
University of Essex, University of California, Santa Cruz - Department of Economics and University of Essex
Downloads 86 (614,534)

Abstract:

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C72, D11, D16

28.

Separating the Hawks from the Doves: Evidence from Continuous Time Laboratory Games

CESifo Working Paper Series No. 3129
Number of pages: 43 Posted: 28 Jul 2010
Ryan Oprea, Keith J. Henwood and Daniel Friedman
University of California, Santa Cruz, affiliation not provided to SSRN and University of California, Santa Cruz - Department of Economics
Downloads 78 (650,062)
Citation 13

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evolutionary dynamics, Hawk-Dove game, game theory, laboratory experiment, continuous time game

29.

Influence in Social Networks

Number of pages: 54 Posted: 07 Jan 2025
Friederike Mengel, Daniel Friedman and Jaromír Kovářík
University of Essex, University of California, Santa Cruz - Department of Economics and University of the Basque Country
Downloads 72 (679,150)
Citation 1

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Social Networks, Influence, Influence Perception, Collective Action, Experiments. JEL Classification Numbers: C72, C90, D8, D91

30.

Flow Trading: A Laboratory Test

Number of pages: 38 Posted: 30 Sep 2024
Daniel Friedman, Yilin Li and Kristian López Vargas
University of California, Santa Cruz - Department of Economics, University of California, Santa Cruz and University of California, Santa Cruz
Downloads 69 (699,960)

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JEL classification: C91, D44, D47, G14 Market Design, Continuous Double Auction, Continuous Limit Order Book, Flow Trading, Financial Markets, Laboratory Experiments, High-Frequency Trading, Price Impact, Experimental Finance

31.

Cheating in Markets: A Methodological Exploration

Number of pages: 19 Posted: 16 Oct 2008
Daniel Friedman
University of California, Santa Cruz - Department of Economics
Downloads 64 (722,105)

Abstract:

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32.

An Experiment on the Core

Number of pages: 50 Posted: 13 Oct 2008
Daniel Friedman and Huibin Yan
University of California, Santa Cruz - Department of Economics and University of California, Santa Cruz
Downloads 58 (758,024)

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core, market, experiment, fairness

33.

Incomplete Information, Dynamic Stability and the Evolution of Preferences: Two Examples

Number of pages: 30 Posted: 03 Jun 2013
Jean Paul Rabanal and Daniel Friedman
University of Stavanger and University of California, Santa Cruz - Department of Economics
Downloads 43 (867,018)

Abstract:

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Stability, Perfect Bayesian Equilibrium, evolutionary dynamics

34.

Motives for Delegating Financial Decisions

Number of pages: 54 Posted: 16 Apr 2024
Mikhail Freer, Daniel Friedman and Simon Weidenholzer
University of Essex - Department of Economics, University of California, Santa Cruz - Department of Economics and University of Essex
Downloads 29 (1,001,004)

Abstract:

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delegation, experimental finance

35.

An Experiment on a Core Controversy

Games and Economic Behavior, Vol. 96, 2016
Posted: 23 Mar 2021
Huibin Yan, Daniel Friedman and David Munro
University of California, Santa Cruz, University of California, Santa Cruz - Department of Economics and Middlebury College

Abstract:

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Core, Collusion, Experiment, Fairness Market

36.

Evolutionary Economics Goes Mainstream: A Review of the Theory of Learning in Games

Posted: 05 Mar 1999
Daniel Friedman
University of California, Santa Cruz - Department of Economics

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37.

Broadening the Tests of Learning Models

UC Santa Cruz Economics Working Paper No. 401
Posted: 08 Oct 1998
Stephen N. Kitzis, Hugh Kelley, Eric Berg, Daniel Friedman and Dominic Massaro
Fort Hays State University, Indiana University Bloomington - Department of Economics, University of California, Santa Cruz, University of California, Santa Cruz - Department of Economics and University of California at Santa Cruz

Abstract:

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38.

Learning to Forecast Price

UCSC Department of Economics Working Paper #394
Posted: 09 Sep 1998
Daniel Friedman and Hugh Kelley
University of California, Santa Cruz - Department of Economics and Indiana University Bloomington - Department of Economics

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