asset market bubbles occur in all sessions, but global markets had significantly more extreme and longer duration valuation … bubbles. Additionally, subjects at the most suboptimal times-of-day held significantly more asset shares in their portfolios …

Asset market bubbles and crashes are a major source of economic instability and inefficiency. Sometimes ascribed to …

We study the macroeconomic effects of rational asset bubbles in an overlapping-generations economy where asset trading … are large, the private gains associated with trading asset bubbles may lead too many workers to become speculators …, thereby causing rational bubbles to lose their efficiency properties. Moreover, if speculation can be carried out by skilled …

indicative of speculation and do not always crash back. -- league tables ; price bubbles ; managed funds markets ; tournament …

is as great as when training is absent. -- asset market experiment ; price bubbles ; common knowledge of rationality …

We study the effect of team decision-making on bubbles and crashes in experimental asset markets of the kind introduced …-dominated environments. -- Asset market experiments ; price bubbles ; group decision-making ; gender composition of teams …

Bubbles are recurrent events, which contribute to both macroeconomic and employment volatility. We introduce stochastic … bubbles in the standard search-and matching model of the labor market. The economy alternates between latent and bubbly states …, each being associated with a distinct solution for the market value of firms (respectively, stable or explosive). Bubbles …