Charles R. Plott

California Institute of Technology - Division of the Humanities and Social Sciences

Edward S. Harkness Professor of Economics and Political Science

1200 East California Blvd.

337 Baxter Hall

Pasadena, CA 91125

United States

SCHOLARLY PAPERS

32

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13,706

SSRN CITATIONS
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Top 3,585

in Total Papers Citations

266

CROSSREF CITATIONS

199

Scholarly Papers (32)

1.

Statement on Prediction Markets

AEI-Brookings Joint Center Related Publication No. 07-11
Number of pages: 8 Posted: 07 May 2007
Stanford University - Department of Economics, Yale University - School of Management, University of South Florida - College of Business, Council on Foreign Relations (CFR) - Council on Foreign Relations- Washington D.C., Dartmouth College, Illinois Institute of Technology, Technology Policy Institute, George Mason University, Princeton University, California Institute of Technology - Division of the Humanities and Social Sciences, University of Chicago Law School, Stanford University, University of Iowa - Henry B. Tippie College of Business - Department of Economics, University of Iowa - Henry B. Tippie College of Business - Department of Economics, Bocconi University - Department of Economics, California Institute of Technology - Division of the Humanities and Social Sciences, University of Maryland, Yale University - Cowles Foundation, Chapman University - Economic Science Institute, Independent, Harvard Law School, Columbia Business School - Finance, University of California, Berkeley - Organizational Behavior & Industrial Relations Group, School of Information and University of Michigan at Ann Arbor - Department of Economics
Downloads 4,198 (4,276)
Citation 28

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prediction markets, public policy, forecasting, regulation

2.

The Willingness to Pay-Willingness to Accept Gap, the 'Endowment Effect,' Subject Misconceptions, and Experimental Procedures for Eliciting Valuations

American Economic Review, June 2005
Number of pages: 46 Posted: 15 Nov 2004 Last Revised: 07 Jul 2015
Charles R. Plott and Kathryn Zeiler
California Institute of Technology - Division of the Humanities and Social Sciences and Boston University - School of Law
Downloads 2,951 (7,627)
Citation 37

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endowment effect, experiment, WTP-WTA gap, misconceptions

3.

Price Discovery in Financial Markets: The Case of the CAPM

Social Science Working Paper No. 1032
Number of pages: 45 Posted: 07 Apr 2000
Peter Bossaerts, D. Kleiman and Charles R. Plott
University of Cambridge, Lehman Brothers, New York and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 1,528 (21,465)
Citation 6

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Capital Asset Pricing Model (CAPM), Experimental Economics, Financial Markets, Equilibrium, Equilibration.

Exchange Asymmetries Incorrectly Interpreted as Evidence of Endowment Effect Theory and Prospect Theory?

American Economic Review, Vol. 97, p. 1449, September 2007, New York University, Law and Economics Research Paper No. 06-47
Number of pages: 18 Posted: 28 Oct 2006 Last Revised: 06 Apr 2008
Charles R. Plott and Kathryn Zeiler
California Institute of Technology - Division of the Humanities and Social Sciences and Boston University - School of Law
Downloads 823 (51,379)
Citation 12

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Exchange Asymmetries Incorrectly Interpreted as Evidence of Endowment Effect Theory and Prospect Theory?

American Economic Review, Vol. 97, No. 4, 2007, Boston Univ. School of Law, Law and Economics Research Paper No. 15-38
Number of pages: 19 Posted: 18 Oct 2015
Charles R. Plott and Kathryn Zeiler
California Institute of Technology - Division of the Humanities and Social Sciences and Boston University - School of Law
Downloads 113 (415,471)
Citation 1

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Exchange Asymmetries, Endowment Effect, Prospect Theory, Empirical Legal Studies, Valuation Gaps, Reluctance to Trade

5.

Basic Principles of Asset Pricing Theory: Evidence from Large-Scale Experimental Financial Markets

Caltech HSS Working Paper
Number of pages: 48 Posted: 03 Oct 2000
Peter Bossaerts and Charles R. Plott
University of Cambridge and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 696 (65,172)
Citation 20

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6.

Prices and Portfolio Choices in Financial Markets: Theory, Econometrics, Experiments

Swiss Finance Institute Research Paper No. 07-05
Number of pages: 64 Posted: 08 May 2007
Peter Bossaerts, Charles R. Plott and William R. Zame
University of Cambridge, California Institute of Technology - Division of the Humanities and Social Sciences and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 571 (83,617)
Citation 33

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experimental finance, experimental asset markets, risk aversion

7.

Comments of 71 Concerned Economists: Using Procurement Auctions to Allocate Broadband Stimulus Grants

Number of pages: 16 Posted: 15 Apr 2009 Last Revised: 08 Jun 2014
New York University - Stern School of Business, Berkley Center for Entrepreneurial Studies, Stanford University - Department of Economics, Stanford Graduate School of Business, American University - Washington College of Law, The Brattle Group, University of Maryland, Baltimore County - Department of Public Policy, Stanford Graduate School of BusinessStanford University - Department of Economics, Stanford University, Columbia University, University of Maryland - Department of Economics, University of California, Los Angeles (UCLA) - Department of Economics, University of Colorado at Boulder - College of Engineering and Applied Science, University of Zurich - Department of Economics, Stanford Graduate School of Business, University of Pennsylvania - Wharton School, University of Michigan, Georgetown University - Department of Economics, University of Zurich, University of Maryland - Robert H. Smith School of Business, National Bureau of Economic Research (NBER)Harvard University - Technology & Operations Management Unit, Technology Policy Institute, Hoover Institution and Department of Economics, Stanford University, affiliation not provided to SSRN, affiliation not provided to SSRN, University of California, Berkeley - Business & Public Policy Group, University of North Texas, Massachusetts Institute of Technology (MIT) - Department of Economics, Clemson University, University of Texas at Austin - Department of Economics, affiliation not provided to SSRN, University of Florida - Warrington College of Business Administration, Public Utility Research Center, Ohio State University (OSU) - Economics, National Economic Research Associates Inc. (NERA) (Deceased), Independent, Penn State University, Massachusetts Institute of Technology (MIT) - Computer Science and Artificial Intelligence Laboratory (CSAIL), Technology Policy Institute, Stanford Graduate School of Business, Hong Kong University of Science & Technology (HKUST), Georgetown University - McDonough School of Business, Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA), Stanford University, Stanford University - Department of Economics, Stanford University, California Institute of Technology - Division of the Humanities and Social Sciences, Northwestern University - Department of Economics, University of Chicago - Department of Economics, Columbia University - Columbia Business School, Toulouse School of EconomicsColumbia University - Columbia Institute for Tele Information, University of Colorado at Boulder - Department of Economics, Boston University - Department of Finance & Economics, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Georgetown University - Department of Economics, Stanford University - Stanford Graduate School of Business, Chapman University - Economic Science Institute, University of Maryland - Department of Economics, University of Minnesota - Twin Cities - Carlson School of Management, Technology Policy Institute, Northwestern University - Department of Managerial Economics and Decision Sciences (MEDS), University of Nevada, Las Vegas - College of Business - Department of Economics, University of California, Berkeley, Ohio State University (OSU) - Economics, Charles River Associates (CRA) and Stanford Institute for Economic Policy Research
Downloads 481 (103,134)
Citation 1

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8.

Misconceptions and Game Form Recognition: Challenges to Theories of Revealed Preference and Framing

California Institute of Technology Social Science Working Paper No. 1364
Number of pages: 41 Posted: 25 Sep 2012 Last Revised: 20 Aug 2014
Timothy N. Cason and Charles R. Plott
Purdue University - Krannert School of Management and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 391 (131,369)
Citation 54

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Preference Elicitation, Misconceptions, Reference Dependence, Endowment Effect

9.

Electronic BushBroker Exchange: Designing a Combinatorial Double Auction for Native Vegetation Offsets

Number of pages: 36 Posted: 08 Aug 2008 Last Revised: 20 Nov 2008
Veronika Nemes, Charles R. Plott and Gary Stoneham
Government of Victoria - Department of Sustainability and Environment, California Institute of Technology - Division of the Humanities and Social Sciences and Government of Victoria - Department of Natural Resources & Environment (NRE)
Downloads 242 (217,145)
Citation 12

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native vegetation, offsets, biodiversity, double auction, combinatorial auction, experimental economics, market design

10.

On the Microstructure of Price Determination and Information Aggregation with Sequential and Asymmetric Information Arrival in an Experimental Asset Market

Number of pages: 47 Posted: 26 Jul 2004
Martin Barner, Francesco Feri and Charles R. Plott
University of Copenhagen - Department of Economics, University of London - Royal Holloway College and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 240 (218,890)
Citation 8

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11.

Fake News, Information Herds, Cascades and Economic Knowledge

Number of pages: 23 Posted: 26 Jul 2018 Last Revised: 03 Aug 2018
Lazarina Butkovich, Nina Butkovich, Charles R. Plott and Han Seo
California Institute of Technology, California Institute of Technology, California Institute of Technology - Division of the Humanities and Social Sciences and California Institute of Technology
Downloads 180 (285,285)

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cascades, herds, information aggregation, fake news

12.

Tick Size, Price Grids and Market Performance: Stable Matches as a Model of Market Dynamics and Equilibrium

Number of pages: 60 Posted: 23 Feb 2018
Charles R. Plott, Richard Roll, Han Seo and Hao Zhao
California Institute of Technology - Division of the Humanities and Social Sciences, California Institute of Technology, California Institute of Technology and Chapman University
Downloads 140 (351,969)
Citation 3

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price tick-size, liquidity, matching, non-existence, information, convergence

13.

Call Market Experiments: Efficiency and Price Discovery Through Multiple Calls and Emergent Newton Adjustments

American Economic Journal: Microeconomics, 2017, 9(4): 1-41, California Institute of Technology Social Science Working Paper No. 1404
Number of pages: 48 Posted: 04 May 2015 Last Revised: 23 Oct 2017
Charles R. Plott and Kirill Pogorelskiy
California Institute of Technology - Division of the Humanities and Social Sciences and University of Warwick - Department of Economics
Downloads 137 (357,897)
Citation 10

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call market exchange, experiments, market jaws, Newton

14.

The Willingness to Pay -- Willingness to Accept Gap, the 'Endowment Effect,' Subject Misconceptions, and Experimental Procedures for Eliciting Valuations: Reply

American Economic Review, Vol. 101, No. 2, 2011
Number of pages: 29 Posted: 28 Jun 2010 Last Revised: 08 Jul 2015
Charles R. Plott and Kathryn Zeiler
California Institute of Technology - Division of the Humanities and Social Sciences and Boston University - School of Law
Downloads 106 (432,819)
Citation 28

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endowment effect, valuation eliciation, experimental economics

15.

Mechanism Design with Public Goods: Committee Karate, Cooperative Games, and the Control of Social Decisions through Subcommittees

California Institute of Technology Social Science Working Paper No. 1389
Number of pages: 49 Posted: 04 Jul 2014 Last Revised: 01 Jun 2015
Charles R. Plott and Brian Merlob
California Institute of Technology - Division of the Humanities and Social Sciences and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 92 (476,229)
Citation 1

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design, cooperative games, manipulation, committees, experimental economics, experimental political science

16.

Price Controls, Non-Price Quality Competition, and the Nonexistence of Competitive Equilibrium

Number of pages: 70 Posted: 02 Sep 2015
John William Hatfield, Charles R. Plott and Tomomi Tanaka
University of Texas at Austin, California Institute of Technology - Division of the Humanities and Social Sciences and The World Bank
Downloads 87 (492,965)
Citation 4

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price controls, non-price competition, quality, non-existence, matching, assignment

17.

Principles of Continuous Price Determination in an Experimental Environment with Flows of Random Arrivals and Departures

Number of pages: 49 Posted: 15 Jan 2008 Last Revised: 02 Feb 2008
Michael R Alton and Charles R. Plott
California Institute of Technology - Division of the Humanities and Social Sciences and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 86 (496,557)
Citation 2

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Price discovery, Equilibration, Continuous double auctions

18.

Public Choice and the Development of Modern Laboratory Experimental Methods in Economics and Political Science

Constitutional Political Economy, Forthcoming, Social Science Working Paper 1383
Number of pages: 41 Posted: 16 Aug 2014 Last Revised: 25 Jan 2015
Charles R. Plott
California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 83 (507,313)
Citation 3

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19.

Extreme Walrasian Dynamics: The Gale Example in the Lab

American Economic Review, Vol. 101(7), pp. 3196-3220, 2011
Number of pages: 44 Posted: 05 May 2010 Last Revised: 20 Mar 2019
Sean Crockett, Ryan Oprea and Charles R. Plott
Chapman University, University of California, Santa Cruz and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 79 (522,410)
Citation 3

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Tatonnement, Disequilibrium, General Equilibrium, Experiment

20.

A Parimutuel-Like Mechanism for Information Aggregation: A Field Test Inside Intel

Number of pages: 39 Posted: 10 Dec 2015 Last Revised: 20 Mar 2016
Ben Gillen, Ben Gillen, Charles R. Plott and Matthew Shum
California Institute of Technology - Division of the Humanities and Social SciencesClaremont Colleges, Claremont McKenna College, Robert Day School of Economics and Finance, Students, California Institute of Technology - Division of the Humanities and Social Sciences and California Institute of Technology
Downloads 69 (563,605)
Citation 1

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21.

A Parimutuel-Like Mechanism for Information Aggregation: A Field Test Inside Intel

Number of pages: 43 Posted: 03 Oct 2014
Ben Gillen, Ben Gillen, Charles R. Plott and Matthew Shum
California Institute of Technology - Division of the Humanities and Social SciencesClaremont Colleges, Claremont McKenna College, Robert Day School of Economics and Finance, Students, California Institute of Technology - Division of the Humanities and Social Sciences and California Institute of Technology
Downloads 69 (563,605)
Citation 4

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information aggegation, mechanism, subjective probability, parimutuel

22.

Information Transfer and Aggregation in an Uninformed Committee: A Model for the Selection and Use of Biased Expert Advice

Number of pages: 31 Posted: 06 Sep 2014 Last Revised: 12 Sep 2014
Charles R. Plott and Morgan Llewellyn
California Institute of Technology - Division of the Humanities and Social Sciences and Calgent
Downloads 68 (568,045)
Citation 17

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cheap talk, committee experts, expert biases, experiments, majority rule, information aggregation, experimental economics, experimental political science

23.

Challenging Market Designs and Procurement Policy Restructuring: School Transportation for Disadvantaged Students

California Institute of Technology, Social Science Working Paper 1448, October 2019
Number of pages: 38 Posted: 18 Oct 2019
Hsing Lee, Travis Maron, Charles R. Plott, Han Seo and Gary Stoneham
California Institute of Technology, California Institute of Technology - Division of the Humanities and Social Sciences, California Institute of Technology - Division of the Humanities and Social Sciences, California Institute of Technology and Government of Victoria - Department of Natural Resources & Environment (NRE)
Downloads 61 (600,397)

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procurement, market design, experiments, school transportation, route design, auction

24.

The Design, Experimental Laboratory Testing and Implementation of a Large, Multi-Market, Policy Constrained, State Gaming Machines Auction

Division of the Humanities and Social Sciences California Institute of Technology, Social Science Working Paper 1447, September 2019, Claremont McKenna College Robert Day School of Economics and Finance Research Paper No. 3456314
Number of pages: 50 Posted: 30 Sep 2019
California Institute of Technology - Division of the Humanities and Social Sciences, Purdue University - Krannert School of Management, California Institute of Technology - Division of the Humanities and Social SciencesClaremont Colleges, Claremont McKenna College, Robert Day School of Economics and Finance, Students, California Institute of Technology and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 59 (610,348)

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design, auction, tatonnement, experiment

25.

A Testbed Experiment of a (Smart) Market Based, Student Transportation Policy: Non Convexities, Coordination, Non Existence

Number of pages: 41 Posted: 30 Jan 2018 Last Revised: 12 Feb 2018
Hsing Lee, Travis Maron, Charles R. Plott and Han Seo
California Institute of Technology, California Institute of Technology - Division of the Humanities and Social Sciences, California Institute of Technology - Division of the Humanities and Social Sciences and California Institute of Technology
Downloads 55 (631,084)

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smart market, transportation, market design, non convexities, coordination

26.

Concept-Based Neural Investigations of Multi-Component Economic Choice in Human and Non-Human Primates

Number of pages: 37 Posted: 23 Dec 2022 Last Revised: 01 Mar 2023
University of Cambridge - Department of Physiology, Development and Neuroscience, University of Cambridge - Department of Physiology, Development and Neuroscience, University of Cambridge - Department of Physiology, Development and Neuroscience, University of Cambridge - Department of Physiology, Development and Neuroscience, California Institute of Technology - Division of the Humanities and Social Sciences and University of Cambridge - Department of Physiology, Development and Neuroscience
Downloads 52 (647,536)

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27.

Multiple Item, Ascending Price Auctions: An Experimental Examination of Alternative Auction Sequences

Number of pages: 42 Posted: 25 Apr 2015
Dae Kim, Hsing Lee, Travis Maron, Charles R. Plott and Ruijie Teo
California Institute of Technology, California Institute of Technology, California Institute of Technology - Division of the Humanities and Social Sciences, California Institute of Technology - Division of the Humanities and Social Sciences and California Institute of Technology
Downloads 49 (664,336)
Citation 1

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Multi-Item Auction, Experiment, Auction Sequence, Ascending Price Design

28.

Market Microstructure Design and Flash Crashes: A Simulation Approach

Posted: 08 Dec 2012 Last Revised: 05 Jan 2013
Charles R. Plott, Paul Brewer and Jaksa Cvitanic
California Institute of Technology - Division of the Humanities and Social Sciences, Economic & Financial Technology Consulting LLC and California Institute of Technology - Division of the Humanities and Social Sciences

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Market Microstructure, flash crash, high frequency trading, call markets, market regulation, market simulation

29.

Markets for Contracts: Experiments Exploring the Compatibility of Games and Markets for Games

Posted: 08 Oct 2000
Charles R. Plott and Dean V. Williamson
California Institute of Technology - Division of the Humanities and Social Sciences and Independent

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compatibility of markets and games, simultaneous equilibration, dynamic adjustment processes, institutions

30.

General Equilibrium, Markets, Macroeconomics and Money in a Laboratory Experimental Environment

Posted: 09 Aug 1998
Peng Lian and Charles R. Plott
The Chinese University of Hong Kong (CUHK) and California Institute of Technology - Division of the Humanities and Social Sciences

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31.

Exchange Economies and Loss Exposure: Experiments Exploring Prospect Theory and Competitive Equilibria in Market Environments

Posted: 18 May 1998
Mikhail Myagkov and Charles R. Plott
University of Oregon - Department of Political Science and California Institute of Technology - Division of the Humanities and Social Sciences

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32.

The Principles of Exchange Rate Determination in an International Finance Experiment

JOURNAL OF POLITICAL ECONOMY, Vol. 105, No. 4, August 1997
Posted: 16 Oct 1997
Charles N. Noussair, Charles R. Plott and Raymond G. Riezman
Tilburg University, California Institute of Technology - Division of the Humanities and Social Sciences and Aarhus University - Department of Economics and Business Economics

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