Bubbles in asset markets have been documented in numerous experiments. Most experiments in which bubbles occur feature … information and communication among traders. We find that bubbles and mirages can occur if these additional ingredients are … present. In particular, the mere possibility that some traders are better informed than others can create bubbles …

Major bubble episodes are rare events. In this paper, we examine what factors might cause some asset price bubbles to … bubble. The results of the experiment suggest that the company's attempt to exchange its shares for government debt was the …

experiment with more than 6000 subjects, including a subsample of 267 consultants from an international consulting firm. We also …

can choose to abstain. The first experiment follows a tightly controlled design planned for the lab; the second is a …

bubbles in classical asset market experiments. Our setup is more realistic as it offers multiple securities that are … its rationality can be evaluated. Quick consensus emerges early yielding pronounced market bubbles. The overpricing …