When no appropriate markets to derive expectations on economic variables are available surveying methods are often employed. However, surveys suffer from the problem of how to aggregate individual expectations in a reasonable manner. We show at the example of a market on the ECB's main...

In this note we show at the example of an experimental stock market, conducted on the occasion of the World Soccer Championship 2010 in South Africa, how tournament incentives might contribute to the formation of asset price bubbles.