Bosch-Rosa, Ciril; Meissner, Thomas; Bosch-Domènech, Antoni - Sonderforschungsbereich 649: Ökonomisches Risiko, … - 2015
sophistication. In a two-part experiment, we rst run a battery of tests to assess the subjects' cognitive sophistication and classify … them into low or high levels of cognitive sophistication. We then invite them separately to two asset market experiments … populated only by subjects with either low or high cognitive sophistication. We observe classic bubble- crash patterns in the …