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

29

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CITATIONS
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Top 3,607

in Total Papers Citations

150

Scholarly Papers (29)

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, Ewing Marion Kauffman Foundation, Dartmouth College, Illinois Institute of Technology, University of Oxford, Smith School, 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, Northwestern University - Kellogg School of Management, 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 and Economics, University of California, Berkeley - Organizational Behavior & Industrial Relations Group, University of California, Berkeley - School of Information and University of Michigan at Ann Arbor - Department of Economics
Downloads 3,338 (1,899)
Citation 2

Abstract:

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 2,439 (3,128)
Citation 48

Abstract:

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
California Institute of Technology, Lehman Brothers, New York and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 1,370 (9,660)
Citation 2

Abstract:

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 678 (28,048)
Citation 20

Abstract:

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 51 (314,124)
Citation 20

Abstract:

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
California Institute of Technology and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 620 (31,459)
Citation 16

Abstract:

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
California Institute of Technology, California Institute of Technology - Division of the Humanities and Social Sciences and University of California, Los Angeles (UCLA) - Department of Economics
Downloads 491 (41,960)
Citation 18

Abstract:

experimental finance, experimental asset markets, risk aversion

7.

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 267 (77,645)

Abstract:

Preference Elicitation, Misconceptions, Reference Dependence, Endowment Effect

8.

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 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, Harvard University - Technology & Operations Management Unit, University of Oxford, Smith School, Stanford University - The Hoover Institution on War, Revolution and Peace, 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 University - Department of Economics, Hong Kong University of Science & Technology (HKUST), Georgetown University - Department of Strategy/Economics/Ethics/Public Policy, 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 Economics, 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, 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 252 (86,585)
Citation 1

Abstract:

9.

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 and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 173 (130,910)
Citation 5

Abstract:

10.

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 125 (166,328)
Citation 1

Abstract:

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

11.

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 41 (332,545)

Abstract:

Price discovery, Equilibration, Continuous double auctions

12.

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 32 (338,751)

Abstract:

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

13.

Extreme Walrasian Dynamics: The Gale Example in the Lab

Number of pages: 44 Posted: 05 May 2010
Sean Crockett, Ryan Oprea and Charles R. Plott
Baruch College (CUNY) - Zicklin School of Business - Department of Economics and Finance, University of California, Santa Cruz and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 32 (348,491)
Citation 1

Abstract:

Tatonnement, Disequilibrium, General Equilibrium, Experiment

14.

Forced Information Disclosure and the Fallacy of Transparency in Markets

Economic Inquiry, Vol. 43, Issue 4, pp. 699-714, 2005
Number of pages: 16 Posted: 05 Jun 2006
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 28 (386,168)

Abstract:

15.

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 24 (381,876)

Abstract:

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

16.

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 21 (369,961)

Abstract:

17.

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

California Institute of Technology Social Science Working Paper No. 1404
Number of pages: 50 Posted: 04 May 2015 Last Revised: 29 Jul 2015
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 14 (351,952)

Abstract:

call market exchange, experiments, market jaws, Newton

18.

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 6 (399,909)
Citation 33

Abstract:

endowment effect, valuation eliciation, experimental economics

19.

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

Number of pages: 43 Posted: 03 Oct 2014
Benjamin J. Gillen, Charles R. Plott and Matthew Shum
California Institute of Technology, California Institute of Technology - Division of the Humanities and Social Sciences and California Institute of Technology
Downloads 5 (460,424)

Abstract:

information aggegation, mechanism, subjective probability, parimutuel

20.

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

Number of pages: 42 Posted: 25 Apr 2015
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 4 (490,168)

Abstract:

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

21.

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 3 (390,605)

Abstract:

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

22.

Collusion Facilitating and Collusion Breaking Power of Simultaneous Ascending and Descending Price Auctions

Economic Inquiry, Vol. 47, No. 3, pp. 395-424, July 2009
Number of pages: 30 Posted: 08 Oct 2009
Alexander L. Brown, Charles R. Plott and Heidi J. Sullivan
Texas A&M University - Department of Economics, California Institute of Technology - Division of the Humanities and Social Sciences and affiliation not provided to SSRN
Downloads 1 (521,734)

Abstract:

23.

Tacit Collusion in Auctions and Conditions for its Facilitation and Prevention: Equilibrium Selection in Laboratory Experimental Markets

Economic Inquiry, Vol. 47, No. 3, pp. 425-448, July 2009
Number of pages: 24 Posted: 08 Oct 2009
Jin Li and Charles R. Plott
Northwestern University - Department of Management & Strategy and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 1 (521,734)
Citation 3

Abstract:

24.

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, Charles R. Plott and Matthew Shum
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 0 (475,578)

Abstract:

25.

Market Microstructure Design and Flash Crashes: A Simulation Approach

Posted: 08 Dec 2012 Last Revised: 05 Jan 2013
Charles R. Plott, Paul J. 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

Abstract:

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

26.

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

Economic Theory, Vol. 16, Issue 3
Posted: 08 Oct 2000
Charles R. Plott and Dean V. Williamson
California Institute of Technology - Division of the Humanities and Social Sciences and U.S. Department of Justice

Abstract:

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

27.

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

Economic Theory, Vol. 12, Issue 1, 1998
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

Abstract:

28.

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

The American Economic Review (December 1997)
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

Abstract:

29.

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 University of Iowa - Henry B. Tippie College of Business - Department of Economics

Abstract: