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We find that the average price is significantly higher in the presence of the manipulator if and only if the asset takes the lowest possible value and insiders receive perfect information about the true value of the asset. It is also evidenced that the robot trader makes trading gains. Finally, both uninformed and partially informed traders may suffer from the presence of the robot.<\/jats:p>","DOI":"10.1007\/s10683-010-9247-3","type":"journal-article","created":{"date-parts":[[2010,7,15]],"date-time":"2010-07-15T05:53:10Z","timestamp":1279173190000},"page":"379-398","source":"Crossref","is-referenced-by-count":30,"title":["Information aggregation in experimental asset markets in the presence of a manipulator"],"prefix":"10.1017","volume":"13","author":[{"given":"Helena","family":"Veiga","sequence":"first","affiliation":[]},{"given":"Marc","family":"Vorsatz","sequence":"additional","affiliation":[]}],"member":"56","published-online":{"date-parts":[[2025,3,14]]},"reference":[{"key":"9247_CR1","doi-asserted-by":"crossref","first-page":"503","DOI":"10.1093\/rfs\/5.3.503","volume":"5","author":"F. Allen","year":"1992","unstructured":"Allen, F., & Gale, D. (1992). Stock price manipulation. 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