Bubbles and Experience: An Experiment
We investigate the occurrence of bubble-crash pricing patterns in laboratory financial markets with a mixture of experienced and inexperienced traders. We find that even with a minority of experienced traders, bubbles are substantially abated.
Year of publication: |
2005
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Authors: | Dufwenberg, Martin ; Lindqvist, Tobias ; Moore, Evan |
Published in: |
American Economic Review. - American Economic Association - AEA. - Vol. 95.2005, 5, p. 1731-1737
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Publisher: |
American Economic Association - AEA |
Saved in:
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