experiment that regularly produces valuation bubble and crash events. Global sessions involved real time trades between subjects … 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 … animal spirits or irrational exuberance, their source remains imperfectly understood. Experimental methods can isolate … efficiency, while incidental emotions can impair it. Signals in specific brain areas can be a trigger precipitating a bubble …

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 …

bubble, mispricing is greatly exacerbated by incentives. Even in experienced markets, prices climb to levels clearly … 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 …

significant financial crisis and a collapse of the housing market bubble have had large increases in unemployment and long term …

This paper delves into the recent events that led to the formation of the housing bubble in Spain and the resulting … light on the performance of the Spanish labor market and the Spanish housing bubble. Our results suggest that the …