Bosch-Rosa, Ciril; Meissner, Thomas; Bosch Domènech, Antoni - 2015
sophistication. In a two-part experiment, we first 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 …